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Smaller is better when patching holes with spackle. Any holes wider than four to six inches in diameter tend to be too wide to repair with spackle alone. You'll likely want to patch bigger holes with a drywall panel. 

Even holes measuring up to 6 inches may be challenging to fill with spackle alone. For best results, purchase a wall repair patch made from wire mesh. Cut the patch to fit over the hole, then use the spackle to hold it in place. Apply the spackle over the patch as you would for a smaller hole.

In most cases, plaster repair will improve your home’s energy efficiency because a solid barrier of the insulative material helps keep conditioned air inside your home. Major plaster repair jobs like repairing large cracks or crumbling sections of plaster or applying a skim coat might make a noticeable difference in your heating and cooling bills. Not only can plaster repairs improve efficiency, but they can also reduce strain on your HVAC equipment, potentially saving you money on maintenance and repairs.

With its breathability and flexibility, lime plaster is among the most durable of all plaster types. It's also fire-resistant and has a proven track record, as people have been using it for thousands of years.

However, all plaster types will last for many years with the right care and treatment. Proper preparation and installation will also help ensure your plaster walls look great for as long as possible.

Damp plaster does dry out, although the drying time depends on several factors, including the type of plaster, the surrounding temperature, moisture content, and the extent of the dampness. Sometimes, it can take weeks or months for wall plaster to dry naturally.