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Yes. Proper, complete insulation will ensure that you trap the most cool or warm air inside your home, preventing high energy bills. In addition, insulation tends to settle and compress, leaving gaps over time; the more you insulate completely during the initial installation, the less you’ll need to do down the line.

The life span of insulation is between 20 and 100 years. At that time, existing insulation can fall victim to gravity, resulting in compression, which reduces its insulating protection or R-value. If you can't simply add more insulation over the existing material, removing the old to increase the effectiveness of the new can reduce your energy bills and make the project worth the time and money investment.

Yes, usually you will need some kind of vapor barrier on the exterior walls when the framing is attached to concrete and masonry surfaces.

Depending on where you live and the conditions of your basement, you may not need to insulate your basement. Your best bet is to talk to a basement remodeling company to find out what they recommend doing.

Insulating your basement can help improve your home's energy efficiency, but it will also increase the cost of your basement remodel project. The average cost of installing basement insulation is $2,400.