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Installing new insulation in a home is worthwhile if your existing insulation is old and has lost some of its insulative capability or if you don’t have insulation installed already. Installing new insulation will boost your home’s energy efficiency, which can reduce your heating and cooling bills and save money on HVAC repair and maintenance in the long run. New insulation also keeps your living space more comfortable, so you and your family will benefit from the work as well. Finally, installing new insulation boosts your home value, making it especially worthwhile if you plan to sell.

Each insulation type has its own R-value, so you’ll want to weigh the pros and cons of your materials when deciding which one will give you the best value. Energy.gov recommends you choose a pipe wrap that’s at least one inch thick. The International Code Council (ICC) suggests choosing a pipe material with an R-value of at least 3.

The life span of fiberglass insulation can be as long as 80 to 100 years, but because of changing building codes, it’s best to get your insulation checked every 10 to 15 years. Signs of degrading fiberglass insulation include bits of batts on the floor or batts detached from frames. Having optimal, healthy insulation in your home will improve its energy efficiency, lowering your monthly bills.

Insulating windows with plastic works, but it can be time-consuming, and the end results can—and often do—end up lacking in aesthetics. Window film and caulking your windows to make sure there are no drafts are two options that increase the energy efficiency of your home in a low-cost way. Plastic can be a good strategy while you consider alternatives.