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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.

Plaster repair costs range from $4 to $10 per square foot for refinishing, while skim coating can be less expensive, usually between $2 and $5 per square foot. The price you pay for plaster repairs will depend on the extent of the damage, the type of plaster you have on your walls, and the accessibility of the damage. Plaster repair on the exterior of your home tends to be more expensive, as there’s a higher chance that ladders or scaffolding will be necessary to carry out the repair.

Whether you can install or repair plaster yourself depends on the project's size and your comfort level with DIY projects. It's possible to handle small repairs on your own, but for larger projects like a room restoration or a full installation, it's often best to hire a local plaster professional. The final appearance, even coverage, and durability of the plaster depend heavily on proper wall preparation and application. If you are not 100% confident in your ability to achieve a professional result, letting an expert handle the job is a worthwhile investment.

Only use spackle on plaster walls when the imperfection is small. It’s best used for nail holes or small dings in the plaster. Spackle dries quickly, allowing you to continue the repair process shortly after using it. Plaster can be tricky to repair, though, so if you run into issues, call a pro so that you don’t risk further damage.