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This depends on how much plaster is applied and in how many layers, but a decent estimate is around 150 square feet. If you are applying only two coats on a small wall, there is a chance you may only need one or two gallons for the entire project. If you are plastering a large living room wall with high ceilings, using one of the more involved techniques–like Scagliola–that requires several coats, expect the project materials costs to add up quickly. 

Most load-bearing walls are exterior, though they can also be interior.

Yes, applying a texture can hide minor imperfections and irregularities in drywall, but it will not cover significant damage like nail marks or screw holes. The best texture depends on the size of the flaws. For minor imperfections, popular choices like orange peel, sand, or popcorn texture are effective. For larger imperfections, you may need a more prominent style, such as a knockdown or trowel finish, to conceal them effectively.

In many cases, installing new drywall will boost your home value. Replacing old, damaged, cracked, or wavy drywall is a great way to improve the look and feel of your home, as new drywall installed by a professional shouldn’t have any imperfections. Additionally, removing old drywall means you’ll have open walls, so you can install new insulation and address exposed issues with plumbing and electrical systems running behind the walls. All of these fixes will also add to your home’s value.