I live in a house built in 1740, with some plaster and some drywall walls. There is very little, if any, insulation in the walls. Under the wood siding, there is only black paper(tarpaper?). It's not within my budget or my expertise to insulate the inside of the walls, and more of the problem(which is MAJOR) with heat loss seems to be through air infiltration than thermal radiation. I have heard that putting vinyl siding on the exterior of old houses completely ruins the structural integrity through condensation and a few other factors. Will removing the siding and putting foam board on the exterior, then replacing the siding help with air infiltration? I know the R value of foam board isn't the greatest, but I'm certain even low R is better than 0 R. While I am at this, I would seal around window and door openings as well.
Would this project be worth my while?
Would this project be worth my while?