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Tools Needed: Wrench. Foam insulation sheet. Insulate faucet cover (optional). Rope. Directions: 1  Make sure the outside faucet is turned off before you begin. 2  Remove all water hoses and drain them. 3  Coil hoses and store them in your garage. 4  Shut off the water valve that feeds water to the outside faucets.nsulate faucet cover (optional). Rope. Directions: 1  Make sure the outside faucet is turned off before you begin. 2  Remove all water hoses and drain them. 3  Coil hoses and store them in your garage. 4  Shut off the water valve that feeds water to the outside faucets.
Basement wall insulation also protects hot water lines and HVAC ductwork in the basement from cold winter temperatures that compromise the performance of your hot water and heating systems. Basement walls can be insulated by installing rigid foam insulation board against the exterior face of foundation walls.However, it's more common to install this rigid foam insulation from inside the basement.hen fiberglass insulation is installed between basement ceiling joists, the basement itself is technically outside the home's building envelope, the thermal boundary between interior and exterior conditions.