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Both plaster and drywall are durable wall finishes, but they differ significantly in installation, cost, performance, and aesthetics.

Installation & Cost: Drywall installation is faster and more affordable, typically costing $1.50 to $3 per square foot. It uses premade sheets, making it a more accessible DIY project. Plastering is a labor-intensive craft that requires specialized skills, pushing costs to $2 to $10 per square foot. It involves applying a wet paste over a lath framework.

Durability & Performance: Plaster is generally more durable, longer-lasting, and provides superior soundproofing. It is also a better insulator, which can help reduce energy costs. Drywall is easier to remove for future renovations.

Aesthetics: Drywall provides a smooth, uniform surface ready for paint or texture. Plaster offers a high-end, naturally textured look that can hide imperfections and is often preferred for achieving a classic or historic aesthetic.

Which is better? The choice depends on your priorities. Drywall is ideal for those prioritizing a lower upfront cost, faster installation, and DIY potential. Plaster is the better option for a higher-end project where durability, soundproofing, and a unique, premium finish are more important than the initial cost.

The cost to texture drywall depends on whether you want to do the work yourself or hire a professional. The cost of the drywall mud is far lower than labor costs for applying it. The labor cost to spray drywall compound onto a wall is between $0.80 and $1.50 per square foot, while you’ll pay between $1.50 and $2 per square foot for the labor to apply the texture by hand.

When you are learning how to tape and mud drywall, waiting for things to dry requires a lot of patience. So how long does drywall mud take to dry? On average, it takes about 24 hours. However, it depends on things like the thickness of the mud, as well as the room’s temperature, humidity, and ventilation. Using thin layers of mud in a warm, low-humidity room with good airflow reduces average drying time. You also could speed up drying time by making use of hot drywall mud, which consists of a powder that you mix with water, instead of using pre-mixed mud. 

Plaster can be a difficult DIY to master, especially if you plan to plaster an entire room, rather than patch a small area. Before you begin a plaster DIY project, you need to know which tools and type of plaster to use. It's also important to know how to prepare the surface and apply the plaster for a smooth finish. If that all sounds like a lot of work, you may prefer hiring a local plaster repair contractor to do the job.