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It’s less costly to drywall a fireplace than shiplapping it since material costs are higher for shiplap. However, if you’re DIYing the project, shiplap is less expensive since you won’t have to pay for labor. With drywall, getting a smooth finish is difficult unless you’re a pro. Shiplap is ideal for an accent wall or unique space, such as around a fireplace, since it adds texture and gives off a cozy vibe.

Whether to repair or replace water-damaged plaster depends on the scale of the damage. For small, limited areas, you can often perform a repair yourself. If you choose to paint over small patches, ensure the surface is completely dry and apply a coat of antifungal primer first to prevent mold growth. However, simply painting or plastering over the damage is only a temporary solution that doesn't address the core problem. For more extensive or long-term damage, the plaster may be compromised, and there is a risk of mold. In these cases, it is recommended to remove the damaged section of plasterboard and replace it. You may consider hiring a professional for the repair, and it's worth noting that water damage is often covered by home insurance.

Fixing ceiling nail pops involves similar steps to wall repair, with the major difference being the orientation of the work. Ceiling nail pops can be more challenging because you may need to work overhead, which can be physically demanding and require additional safety precautions. Additionally, the ceiling may have different materials or finishes, such as textured surfaces, which can affect the repair process. Otherwise, the fundamental steps are the same.

The cost to install drywall is between $1.50 and $3 per square foot, while shiplap installation costs between $2 and $7 on average. In most applications, shiplap installations cost more than that of putting in drywall. However, several ways exist to reduce shiplap prices, especially for small locations or accent walls, which can keep the total cost of shiplap competitive with that of drywall.