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If you already have plaster walls and ceilings, adding new plaster costs $2 to $10 per square foot. For an average-sized room, that would come out to $1,200 to $10,000. However, the cost to replace plaster with drywall is higher—running between $720 and $1,250 for a 10-by-8-foot wall or ceiling (not including drywall finishing).

There are six levels of drywall finish, from 0 to 5, that refer to the amount of work performed during the finishing process.

Level 0: Drywall is hung with no finishing work.

Level 1: Tape is placed over the seams between drywall sheets.

Level 2: A thin layer of mud is applied over the tape and screw holes. This level is common for utility rooms or walls that will be covered.

Level 3: A full coat of mud covers the screw holes and tape, but the surface is not sanded. This is often used in garages.

Level 4: This is the most common finish for visible interior walls. It involves applying two coats of mud over seams and screw holes, with sanding between each coat, creating a smooth surface ready for flat paint.

Level 5: This is a high-end finish for luxury homes. It includes full taping, mudding, and sanding, plus a final skim coat over the entire surface before painting.

Drywall mudding can be done in one day if the project is small and the desired effect isn’t too complex. If you need multiple layers of mud, one day may not be realistic. But a single room that requires little more than joint compound on the seams and screws can be done in a day or two.

Yes, small, superficial cracks are normal as homes settle. Older homes have a higher chance of showing signs of settling through hairline cracks from temperature changes, moisture changes, and soil shifting. However, larger cracks, or discolored cracks from water damage, may signify a bigger problem that requires reparations and preventative measures.