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If you're comfortable hanging drywall yourself, you may be comfortable finishing it. But it's worth noting that finishing drywall adds several steps to the process and a lot of waiting time. Hiring a drywall installer may be the way to go if you'd rather spend your time doing other things or are nervous about leaving a rough surface.

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.

All plaster walls will crack over time due to normal house settling and expansion and contraction from temperature and moisture changes. Small, thin hairline cracks are generally not serious and are mostly a cosmetic issue. However, larger or more significant cracks can indicate structural problems.

Here's how to tell the difference:

• Cosmetic Cracks: Cracks that are 0.5 cm (0.2 inches) or thinner are typically cosmetic.

• Structural Cracks: Cracks wider than 0.5 cm, excessive or deep cracks, multiple cracks in the same area, or cracks that span around corners can signify a structural or foundation issue. Cracks along the joints where walls meet the ceiling also warrant attention.

For cracks wider than 0.5 cm, structural repair is needed. If a crack is 2.5 cm (1 inch) or wider, or if you notice any signs of a structural problem, it is best to contact a plaster repair professional to assess the damage.

Deciding whether to repair or replace drywall can be tricky, but your top considerations should be the extent of the damage and what caused the damage. For instance, if you need to repair a small hole caused by a doorknob that hit the wall, you can safely patch it without a second thought. However, if you have significant drywall damage caused by water damage, it’s best to thoroughly remove the drywall to inspect and repair the pipes behind it before replacing it.