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Tools Needed: Wrench. Foam insulation sheet. Insulate faucet cover (optional). Rope. Directions: 1  Make sure the outside faucet is turned off before you begin. 2  Remove all water hoses and drain them. 3  Coil hoses and store them in your garage. 4  Shut off the water valve that feeds water to the outside faucets.nsulate faucet cover (optional). Rope. Directions: 1  Make sure the outside faucet is turned off before you begin. 2  Remove all water hoses and drain them. 3  Coil hoses and store them in your garage. 4  Shut off the water valve that feeds water to the outside faucets.
Keeping the foundation warm: A layer of rigid foam insulation on the outside of a poured foundation is a smart move, but choosing a protective covering for exposed insulation above grade can be complicated. Energy gurus and building codes routinely recommend these days that foundation walls be insulated. One way of accomplishing that is by adding a layer of rigid foam insulation on the outside of the foundation. And that's exactly what William Poole is planning to do. Most of the rigid foam insulation will be underground and out of sight.