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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.

When you are learning how to tape and mud drywall, waiting for things to dry requires a lot of patience. So how long does drywall mud take to dry? On average, it takes about 24 hours. However, it depends on things like the thickness of the mud, as well as the room’s temperature, humidity, and ventilation. Using thin layers of mud in a warm, low-humidity room with good airflow reduces average drying time. You also could speed up drying time by making use of hot drywall mud, which consists of a powder that you mix with water, instead of using pre-mixed mud. 

While you can put new drywall over old drywall, it’s not always the best option. In some cases, drywalling over drywall can make it harder to find wires and pipes behind your walls and conceal more serious problems with your walls. It can also make the room smaller. On the plus side, putting drywall over drywall can improve soundproofing and insulation. Plus, it’s often less expensive than tearing down and adding new drywall.

Plaster can be a difficult DIY to master, especially if you plan to plaster an entire room, rather than patch a small area. Before you begin a plaster DIY project, you need to know which tools and type of plaster to use. It's also important to know how to prepare the surface and apply the plaster for a smooth finish. If that all sounds like a lot of work, you may prefer hiring a local plaster repair contractor to do the job.