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The cost to install or upgrade insulation generally ranges from $1.50 to $4.00 per square foot. The final price depends on factors such as the type of insulation chosen, the total area to be covered (home size), and local labor costs.

While there are many different kinds of insulation, spray foam, blown-in, foam board, and batt and roll are the four types you’re most likely to see. That doesn’t mean they’re alike, though. Each one varies drastically in terms of cost, materials used, and how they’re installed—not to mention, how well they limit heat transfer.

While not every wall requires a vapor barrier, if you do need one and don’t install it, moisture can get between the walls of your home. This can lead to water damage from mold growth or rot, and the excess moisture could also attract pests, including termites, cockroaches, or ants.

Insulating your basement walls offers numerous advantages that make the project well worth it. By adding insulation, you can reduce the chances of moisture damage to the house's structure and lower the odds of mold growth. You'll also add comfort to the space by reducing temperature swings and increasing your home's energy efficiency, potentially reducing your energy bills to earn your investment back.