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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.
Video: How to Install Rigid Foam Insulation Outside a House. GET THESE FIVE TRICKY SPOTS RIGHT, AND YOUâLL GET A SUPERINSULATED, ENERGY-EFFICIENT HOME. Installing rigid foam on the outside of a house is a great way to double the R-valueMeasure of resistance to heat flow; the higher the R-value, the lower the heat loss. The inverse of U-factor. and eliminate air leaks.