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Plastering lasts for around 15 to 20 years without needing repairs or maintenance in most cases, and with proper upkeep, plastering can last a lifetime—sometimes more than 100 years. Plaster repair costs between $1 and $3 per square foot, and you may need these services once every 15 to 20 years or so unless you have a harsh climate where humidity changes are a constant issue. You can also opt to skim-coat plaster for between $0.90 and $1.30 per square foot, which may serve you better in the long run.

Plaster that sags or bulges, shows extensive deep cracks, or is crumbling from water damage or simply time may need replacement. Plaster walls can look a little “worn” for a long time before they need replacing. The only real way to know if it needs a replacement is to hire a professional to assess the condition of the plaster.

A utility knife is sharp enough to score the drywall and it may work in a pinch for outlet box holes. However, one of the best tools for drywall when you need to make exact cuts for an outlet box quickly is a drywall saw. This handheld tool has a longer blade than a utility knife, so it penetrates the thickness of the drywall easily. The design of its handle and the teeth in its blade make it easier to control while cutting quicker than you can with a utility knife.

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.