Metal Barndominium Kits: Floor Plans, Cost Savings & Design Options (2024)

FAQs

What is the most expensive part of a barndominium? ›

The biggest cost of building a barndominium comes from purchasing and building the metal shell, including the roof, doors, and windows. Other major exterior features that can affect the building cost include: Metal siding. Concrete foundation.

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.

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.

It is not an impossibility that you can build a barndominium for 100K. However, it is not too common. If you seek to go that route, you need to cut down on expenses and do most of the work yourself. You will need to find the right piece of land to erect your barndominium.

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.

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.

How long does it take to build a 3,000 sq ft barndominium? ›

Building Timeline Overview

For a DIY-inclined owner with sufficient time and adequate skillset, constructing a basic 3000 sq ft barndominium yourself using pre-fabricated steel building components could conceivably only require around 5 months from breaking ground to securing an occupancy permit.

Most barndominiums take approximately 3-6 months to construct. However, just like with a conventional home, a barndominium's construction time depends on various factors including the level of customization.

Many USDA lenders are unfamiliar with these structures and may be reluctant to finance their purchase. Borrowers may also experience added difficulty when seeking a USDA construction loan to build a new barndominium, as some USDA lenders, including Neighbors Bank, do not offer this loan type.

Getting a home loan for a barndominium can be tricky since many lenders are unfamiliar with these types of structures. However, it is far from impossible. You just need to be able to fulfill your lender's requirements as well as the stipulations set out by your particular loan program.

Barndominiums tend to shine in terms of cost-effectiveness due to their unique design and construction. The use of metal for the frame and exterior often translates to lower material costs compared to the cost for traditional wood-framed houses.

Barndominiums offer exceptional value on a per square foot basis, and are exceptionally beneficial for large families or when a business requires a large workspace. They also have lower insurance rates and taxes.

One of the primary factors contributing to the cost of building a barndominium is the price of materials. While the metal framing and siding are central to the barndominium's appeal, the costs for these materials have increased significantly in recent years due to fluctuations in the global steel market.