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Drywall installation costs around $2,000 on average, but some projects cost as low as $400, while larger or more complicated installations can cost $6,000 or more. The most important cost factor is the size of the room or area, as many contractors charge on a per-square-foot basis. You should also consider the complexity of the installation. If you have large, flat walls with few wall openings, you’ll pay less than if you have multiple windows and doors to cut around, corners, or curved walls.

Drywall installation is considerably faster and more affordable than plastering. Because plastering involves applying a wet material, it’s more time-consuming, takes longer to dry, and is more prone to cracking. It doesn’t tend to be as insulative either. If you need resurfacing work done on the walls, it's not unusual for the cost of plastering to hit $10 per square foot, which is much higher than the drywall installation costs of $1.50 to $3 per square foot.

If you’re looking for good soundproofing and want a high-end look in a historic home, though, plastering may be the better option.

In most cases, no, you won’t need a permit to replace drywall. If you’re changing the floorplan of your home by adding or removing walls during the drywall project, then you might need a permit, but replacement or repairs usually doesn’t require a permit. Your drywall professional should be able to confirm whether or not a permit is required for your project. If it is, it’s likely to add between $50 and $150 to your total cost. Keep in mind that you will need permits if you plan to install new electrical wiring or plumbing lines behind your new drywall.

To hide drywall edges, you need to properly apply drywall tape and multiple layers of joint compound. These materials hide the seams between drywall sheets and fill the holes from drywall screws, leaving behind a smooth, flat finish to paint over. Apply joint compound smoothly, and finish the job by sanding the walls to make sure you fully hide drywall edges and other imperfections.