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Although they have similar applications, spackle and joint compound are not the same. Their primary differences lie in their composition, consistency, and ideal use cases.

Spackle is composed of gypsum and binding agents, making it thicker than joint compound. It dries quickly and is easy to sand, which makes it ideal for small wall repair projects like filling nail holes or patching minor damage.

Joint compound, also known as drywall mud, consists of limestone and gypsum. It is primarily used for large-scale projects, such as taping and finishing the seams on newly installed drywall. It tends to shrink more than spackle and can be more difficult to spread.

While both products can be used to fill small depressions and cracks, spackle cannot replace joint compound for taping and mudding new drywall. Conversely, you can often use joint compound for small patching jobs typically done with spackle.

Whether Venetian plaster increases your home's value often depends on the buyer's preference. As a purely aesthetic upgrade, it doesn't add structural value in the same way a kitchen or bathroom remodel might. However, its beautiful and attractive appearance can make a home more appealing to potential buyers, possibly leading to more interest, higher offers, and increased competition when you sell.

Whether you need drywall anchors depends on your specific project, particularly where you are hanging an item. Drywall anchors are not necessary if you can drive a screw directly into a wooden stud behind the wall, as the stud provides sufficient support. However, since studs are not present everywhere in a wall, you will need to use drywall anchors if you are hanging an object in a location without a stud. For very lightweight items, picture hanging strips can also be a suitable alternative.

Costs depend on damage size, labor rates, and whether additional services like painting are required.