Barndominiums vs. Homes: Which is Right for You? (2024)

FAQs

Barndominiums vs. Homes: Which is Right for You? ›

Barndominiums are often preferred by those who need a large amount of space for storage or workspace. This is because they typically feature a large open area that can be used for a workshop, garage, or storage. Traditional homes, on the other hand, are designed primarily for living space.

Barndominiums have the strength and durability that comes with being made from metal, making them just as safe or even more secure than a traditional home. The structural integrity of a barndominium also makes them last longer with less maintenance.

Pros of barndominiums include a cheaper cost, fully customizable space, and lower maintenance. They're also highly durable with lots of extra room and are a more eco-friendly housing option. Meanwhile, cons include higher upfront costs, difficulties finding financing, and not all cities allow them.

Durability. Barndominiums are extremely durable! Their metal or steel shells help make them resistant to mold, rot, and the elements—more so than a traditional home! Not only do you get peace of mind knowing your home is more protected, but you can also keep insurance costs low by having a barndo.

Longevity: Although they may not last as long as traditional homes, a well-maintained barndominium can provide comfortable living for around 50 years. 5. Durability: Barndominiums are built to withstand the elements, ensuring they remain sturdy and reliable over the years.

Barndominiums normally retain their resale value and may even increase in value gradually, although more slowly than a standard home. However, these homes are still rare in some parts of the country, and it may be challenging to get an accurate appraisal in an area where there are few.

Insurance can be complicated for barndominium homes. According to Barndominium.org, not all insurers cover barndos, especially if they're mixed-use instead of residential only, and those that do might have barndo-specific policies.

Appraisal and Valuation Issues

One of the most significant hurdles in securing financing for a barndominium is the challenge of obtaining an accurate appraisal. Banks require appraisals to determine the property's value, which in turn, informs their lending decisions.

Are barndominiums bad investments? ›

As such, it is more difficult to assess the resale value of a Barndominium. Unlike modular homes and trailers, Barndominiums maintain their value and are likely to increase over time. If you are purely looking for a quick resale investment, a Barndominium may not be your best option.

The most expensive part of building a barndominium is often the interior finishes. Customization, high-end materials, and intricate designs can significantly impact the overall cost.

Constructed with metal, a barndo offers superior protection from severe weather. The steel structure of a steel barndominium has a higher wind resistance than a conventional wood frame home. While the metal integrity of your home can endure a tornado, the windows and doors may not.

Barndominiums offer a blend of rustic aesthetics and modern living that appeals to many homeowners. However, like any other type of construction, they are susceptible to mold growth if not properly designed, constructed, and maintained.

Single-story barndominiums are generally perceived as less expensive due to several factors: – **Foundation Costs**: The foundation of a single-story barndominium typically costs less than that of a two-story structure since it bears less weight. This can lead to savings in both materials and labor.

The cost to build a barndominium is $65 to $160 per square foot or $130,000 to $320,000 on average for a 2,000 SF home. Barndominium prices depend on the size, materials, and interior finishes chosen. Barndominium kit prices are $20 to $35 per square foot for materials only.

Open Layout: Barndominiums are known for their open and spacious layouts. This design can be beneficial in cold weather because it allows for efficient distribution of heat. With proper insulation and heating systems in place, you can maintain a comfortable temperature throughout the entire space.