This is a task that is easily handled.  You only need a few supplies and a little bit of time.  If you have any small holes in your walls that have been bothering you-here’s how you handle them:

Get yourself over to the home improvement store in your neighborhood, pick up a 1″ knife, and a 3′ putty knife.  You will also need some lightweight spackle.  If you have textured walls you may want to get some spray texture as well.This is what I used the last time I did this project.  You will need a sanding block, I prefer to use “fine” grade. You may also want to get a mouth and nose covering of some sort to avoid the dust you’ll create when sanding.

When you get home be sure to move any valueables out of the way, you won’t want to get them covered in the dust from the spackle nor would you want to drop any spackle on them. 

Begin by sanding down the area around the hole to make it as close to smooth as possible as well as removing any chipped or peeling paint.

Put a generous amount of the spackle on the big putty knife, using the small knife to get it out of the bucket.  I like to drip just a tad of water onto the pile of putty, mix it in with the small knife.  Once you have a nice soft paste apply that to the area around the hole and get some in the hole as well, the types of holes I am talking about are no bigger than a quarter, for example, maybe the door knob slammed into the wall in the bathroom and created an indent and a partial hole, well this is a place that you would be able to use this technique.

Once you have coated the area make sure and smooth it out using the large putty knife.  Once smoothed, allow to dry, I like to wait overnite but usually you can start sanding in as little as a couple of hours, just follow the guidelines on the spackle that you purchased. 

Once dry, sand the spackled area down as smooth as possible then re-apply another coat of the spackle, allow this coat to dry.

Apply the spray texture as appropriate, most residential walls that use texture use a “knock down” method of application.  What this means is that once you have sprayed the texture on the wall you will use your large putty knife to “knock down” the texture by lightly running the knife’s flat edge over the texture.  I suggest you practice this outside on a piece of old cardboard to get the right texture pattern down that will match your walls.

Now, once you have double coated and textured the wall, you are ready to paint it, get the paint matched to your current color and cover the entire area, I would suggest two coats of paint as well, now voila! You’re finished!