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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.

Depending on the place where the cutting error occurred, you may be able to fix it. Learning how to patch a hole in drywall is challenging, but if you can tape and mud drywall, you can do it. Having said that, patching is time consuming. Early in the installation process, you may find that it’s easier and far less time consuming to just start over with a new sheet of drywall, cutting a new hole in the right spot. You may be able to use part of the incorrectly cut piece elsewhere, so it’s not completely wasted.

If your home’s foundation shifts slightly over time, any seams in the drywall represent the weakest point in the wall, leading to cracks. If your home has significant changes in temperature and humidity, this can cause the drywall to swell and contract slightly, causing a crack at the weak point of the seam. If your drywall installer did a poor job securing the panels to the wall studs, this could cause a weak layout and cracks in the seams.

If you already have plaster walls and ceilings, adding new plaster costs $2 to $10 per square foot. For an average-sized room, that would come out to $1,200 to $10,000. However, the cost to replace plaster with drywall is higher—running between $720 and $1,250 for a 10-by-8-foot wall or ceiling (not including drywall finishing).