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Yes, you can use drywall repair techniques for some types of plaster damage. Tiny holes and small cracks in plaster can be patched in similar ways to drywall. You apply the necessary compound to fill the hole, wait for it to dry, then sand it down. For larger damage, like water damage or mold, you need to use plaster-specific techniques and materials.

Skimming is covering drywall with a layer of drywall compound after installation or to smooth old walls. Plastering is covering walls with a mixture of gypsum or lime, cement or sand, and water. Plastering is more costly and labor-intensive than skim coating. Some homeowners and professionals refer to skim coating as plastering, even though the material spread over the wall is totally different.

It is possible to repair plaster walls yourself, but it’s not always a good idea. Hiring a professional means you’ll have expert eyes on the damage looking to see if there is an underlying issue or if the cracks are just from normal expansion and contraction. Additionally, a professional’s plaster repair will very likely last longer than a DIY job, which means you could end up saving money over time by going with a pro from the start.

Venetian plaster walls tend to be beautiful and attractive. While applying Venetian plaster to the walls of your home won't have the same impact on its value as renovating the kitchen or remodeling the bathroom, the plaster can make your home more appealing to potential buyers, leading to higher offers and more competition when it's time to sell.