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The cost to install drywall is between $1.50 and $3 per square foot, while shiplap installation costs between $2 and $7 on average. In most applications, shiplap installations cost more than that of putting in drywall. However, several ways exist to reduce shiplap prices, especially for small locations or accent walls, which can keep the total cost of shiplap competitive with that of drywall.

In most cases, plaster repair will improve your home’s energy efficiency because a solid barrier of the insulative material helps keep conditioned air inside your home. Major plaster repair jobs like repairing large cracks or crumbling sections of plaster or applying a skim coat might make a noticeable difference in your heating and cooling bills. Not only can plaster repairs improve efficiency, but they can also reduce strain on your HVAC equipment, potentially saving you money on maintenance and repairs.

Whether to repair or replace water-damaged plaster depends on the scale of the damage. For small, limited areas, you can often perform a repair yourself. If you choose to paint over small patches, ensure the surface is completely dry and apply a coat of antifungal primer first to prevent mold growth. However, simply painting or plastering over the damage is only a temporary solution that doesn't address the core problem. For more extensive or long-term damage, the plaster may be compromised, and there is a risk of mold. In these cases, it is recommended to remove the damaged section of plasterboard and replace it. You may consider hiring a professional for the repair, and it's worth noting that water damage is often covered by home insurance.

It’s less costly to drywall a fireplace than shiplapping it since material costs are higher for shiplap. However, if you’re DIYing the project, shiplap is less expensive since you won’t have to pay for labor. With drywall, getting a smooth finish is difficult unless you’re a pro. Shiplap is ideal for an accent wall or unique space, such as around a fireplace, since it adds texture and gives off a cozy vibe.