Are Barndominium Homes Wise Investments?
The unique blend of expansive living space, rustic aesthetics and structural durability offered by barndominiums fuels their popularity surge across American heartlands. Yet the atypical hybrid nature of barn homes converted from agricultural shells or built outright from steel kits leaves many wondering if they make sound property investments long term. After assessing total cost outlooks, appreciation potential and intrinsic utility factors, barndos present value beyond typical housing in many cases.
Favorable Affordability Metrics
Constructing basic barndominium shells from new barndo kits costs as little as $40 per sq ft ranging up to $125 per sq ft for high-end custom builds. This positions well-designed steel barndos costing 20-50% less overall than conventional homes while gaining added square footage. Owners recoup extra usable area value over time. Barndos also lend flexibility supporting multiple dwelling, hobby or storage scenarios over decades useful for evolving families, businesses or remote workforces.
Strong Resale Prospects
While scarcer than traditional homes currently, barndominiums gain desirability and buyer competition in rural locales pushing values up. Their Large open Floor Plans, conversion potential and durable commercial steel construction attract future owners even if unconventional initially. This resale interest shoots appreciations higher over time, especially as custom build costs rise. Barndos averaging near $300 per sq ft now could conservatively appraise for $400+ per sq ft in 10 years.
In summary, barndominiums make wise value investments thanks to lower initial costs per square foot, flexible use cases, and rising property demands over upcoming years as inventories remain limited. Position your unique barndominium advantageously to reap financial returns for the decades ahead!