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Plaster itself has a higher R-value than drywall. However, there are other considerations surrounding plaster and insulation. As a general rule, it's easier to obtain consistency in insulating value and quality when working with drywall rather than plaster. Plaster walls often don't contain any insulation behind the wall covering by design, and careful evaluation is necessary when choosing to add it.

Water freezes at 32 degrees Fahrenheit, but the actual temperature that can cause frozen pipes can vary. Generally, it takes 12 hours for pipes to freeze at 32 degrees Fahrenheit.

Uninsulated pipes can freeze if it’s 20 degrees Fahrenheit or colder for over three hours. If your pipes are insulated, it can take six hours or longer for pipes to freeze. Note that some pipe types freeze more often than PEX pipes. Copper pipes freeze more often because the copper conducts energy and loses heat quickly.

For a truly DIY solution to protect your outdoor faucets from freezing, you can craft your own faucet sock out of spare rags, plastic shopping bags, and duct tape—but this method might not be as effective (or attractive) as store-bought. If you choose to DIY your own outdoor faucet cover, be aware that rags, old towels, and other fabric you might use to wrap the faucet can absorb water like a sponge and could cause problems if it freezes.

The most affordable way to insulate behind unfinished walls is to install fiberglass batts or rolls. These total around $0.75 per linear foot, with the width matching the gaps between standard studs perfectly. However, it’s important to consider the R-value of your insulation and the climate in your area, as fiberglass insulation isn’t the best in terms of preventing heat transfer. Plus, the most affordable option may cost more on electricity bills over time. The most affordable way to insulate behind finished walls is to leave them up and use blown-in insulation to avoid drywall replacement.