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While insulation is required for all exterior walls in a house, it is not typically required for interior walls. Local and state building codes mandate that new construction homes have adequate insulation in exterior walls and ceilings to suit the local climate.

However, there are several benefits to adding insulation to interior walls. It is excellent for sound-dampening between rooms and can help with temperature control by maintaining a regulated temperature in specific rooms and lowering heat transfer between adjacent areas. Insulating interior walls can also contribute to the overall energy efficiency of your home.

Heat lost through uninsulated basement walls can account for up to 30% of the total energy lost through heat transfer to the outdoors. While homes in mild climates won't gain as much benefit from having an insulated basement as those in cold climates, the effects are still noticeable on your energy bill.

The primary downside of radiant barriers is their limited effectiveness in cold climates. They are designed to reflect radiant heat, making them less beneficial in cooler conditions where heat retention is more important. 

Radiant barriers require proper installation to maximize effectiveness. Incorrect placement can lead to minimal benefits. They also do not provide insulation, meaning they should be used in conjunction with traditional insulation for optimal energy efficiency. 

The most insulative type of insulation for behind drywall is spray foam insulation, but this is the most expensive insulation available. The most common insulation—sometimes considered the best for the value you get for the money—is fiberglass roll or fiberglass batt insulation, which is significantly more affordable but also far less insulative. The best kind of insulation for your house will also vary based on the climate in your area, your budget, and more. A professional insulation company can help you decide which type is best for your home.