Thursday, February 29, 2024
HomeBarndominiumAre Barndominiums Really Worth All The Money?

Are Barndominiums Really Worth All The Money?

I often find myself wondering if building My own barndominium is still worth the money in the current climate we find ourselves in:

To Barndo or Not to Barndo? Evaluating the Investment in Today’s Market

FARMHOUSE BARNDOMINIUM BM3151

Barndominiums remain wildly popular thanks to HGTV nostalgia for Fixer Upper-esque rural renovations. But with higher steel prices and labor shortages, is transforming old barns or sheds into homes still a smart investment? We break down the cost-benefit to help guide build-vs-buy decisions.

black barndominium with wraparound porch

The Building Cost Case

Constructing a barndominium runs just $100-$200 per sq. ft – 60% less than $300+ per sq. ft. for conventional homes. You invest mainly in structural enhancements and finish work rather than full ground-up building. Current steel pricing certainly exceeds 2020 lows but hasn’t impacted barndominium structural frameworks drastically since they utilize cost-efficient 29 gauge steel. Better to pay 10-15% more on framing now than accept perpetual rising lumber expenses.

white barndominium shophouse

Yes securing contractors proves tougher these days across all residential projects. But barndo’s flexibility around DIY finishing means you dictate timing. Whether tackling the full custom build or hiring pros amidst their availability, you control priority and process. Stick framing and basic mechanical/electrical skills grease the skids for substantial sweat equity opportunities insomnia of handing your vision fully over to a builder.

white barndominium on pond

Strong Resale Value Potential

Average sold barndominium price per square foot holds its own easily against traditional housing in 2022/2023. Buyers enthuse over the expansive footprints and rustic pastoral character that suburban developer homes just can’t replicate. Limited inventory also sustains favorable valuation for those entering the market. Steel barndominiums in particular offer durable construction and desirable flexibility that reassures investors if holding long-term.

black barndominium

Bottom Line

Building one’s own barndominium makes even more sense considering today’s dense housing markets and elevated mortgages. Anyone priced out of their preferred neighborhood can erect custom rural living at reasonable cost instead. Controlling more of the construction without fully outsourcing gives owners both cost transparency and peace of mind around quality. Just ensure proper permitting and inspections to guarantee code compliance. For those willing to balance sweat and savvy, barndos remain a worthy endeavor sure to return lifestyle and equity payoffs for years to come.

Aaron Scott
Aaron Scott
Aaron Scott is a freelance writer and researcher that has written hundreds of articles for online companies in the area of construction, design, finance and automotive. He's a Southern boy that enjoys creek fishing, hunting and camping. He's rarely seen without his trusted beagle hound "Scooter"
- Advertisment -

Barndominiums

We are super excited with results and service. Tony offered really helpful suggestions. Our dream build was pretty complicated but he and his designer were able to meet our needs.

James B

Recent Client