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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.

If the holes in the plaster are small, you can fill them with layers of patching plaster until they’re filled. After it dries, you can sand the plaster and paint over it. If the hole is much larger, consider using bonding plaster first and then a layer of patching plaster, completing the process with sanding and a layer of paint.

Applying plaster to a wall will usually cost between $2 and $10 per square foot for both the material and labor. The cost will vary based on the quality of the plaster you’re using and whether or not prep work is required before the work begins. Wall prep can add up to about 10% to your total costs. Plastering exterior walls can be more expensive in many cases because they are taller and require scaffolding and safety equipment.

All plaster walls will crack over time with expansion and contraction from temperature and moisture changes, as well as from normal house settling. In these cases, the cracks will usually be thin and don’t mean there are major structural issues. However, excessive cracking, wide wall cracks, and cracks that span around corners can sometimes mean you have a foundation issue. Identifying severe problems is a key reason why hiring a professional for plaster repair is usually a good idea.