Outdoor hose faucet replacement
House is 14 yrs. Old. Outdoor faucet to attach hose has a round thing on top, which allows water to leak out when water is turned on. Losing at least 25% of water entering the hose. How do I replace or repair this. The round thing on top of spigot looks to be some type of a pressure valve. Turning it does not tighten the round thing. Tried putting silicone sealant around the area where spigot comes out of brick wall and all around the round thing. Does not work still leaking.
How do I repair or replace. Any pictures to help me? I'm a 58 yr old woman who knows nothing about plumbing.