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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.

Although they have similar applications, spackle and joint compound are not the same. Their primary differences lie in their composition, consistency, and ideal use cases.

Spackle is composed of gypsum and binding agents, making it thicker than joint compound. It dries quickly and is easy to sand, which makes it ideal for small wall repair projects like filling nail holes or patching minor damage.

Joint compound, also known as drywall mud, consists of limestone and gypsum. It is primarily used for large-scale projects, such as taping and finishing the seams on newly installed drywall. It tends to shrink more than spackle and can be more difficult to spread.

While both products can be used to fill small depressions and cracks, spackle cannot replace joint compound for taping and mudding new drywall. Conversely, you can often use joint compound for small patching jobs typically done with spackle.

Which style of corner bead you choose—whether metal or paper-faced—depends on your preference and if you’re comfortable using metal-cutting tools and a hammer. Metal bead offers superior strength and durability but its installation is slightly more involved. We’d say for most cases, it’s better to use metal bead but if you’re not comfortable working with metal, paper-faced bead will work just fine. 

In some minor cases, you can DIY drywall repair with minimal time and money spent. This method is best when you have a hole made by a singular problem, such as accidental furniture moving, and not a continuous problem, like a rodent infestation. 

Knowing what product to use is crucial. For example, small holes only need spackle, whereas large holes might need a new piece of drywall. You can flex your DIY abilities on this project, but if you’d like a second opinion or have a more significant problem, it’s best to call in a drywall repair pro.