Exploring the Pros and Cons of Barndominium Living - Yoder Real Estate (2024)

Have you ever wondered how you can sleep and cook a meal next to your bales of hay or how about parking your tractor next to your dining room table?

In the past, houses and barns were distinct structures, but the concept of the Barndominium has changed that. A Barndominium combines the functionality of a traditional barn, where you store vehicles, equipment, and feed animals, with the comforts of a living space, including areas for sleeping, cooking, and relaxing.

Before you embark on building a Barndominium, it’s essential to consider the various aspects. In this post, we’ll explore the good, the bad, and the ugly of building and living in a Barndominium.

What is a Barndominium?

Also known as a “barndo,” a Barndominium is an open-concept building typically made from metal or wood. It integrates living quarters with a workspace, creating a unique and versatile living arrangement. While the living area offers all the amenities of a regular house, the working area can range from simple storage to a full-scale workshop.

Pros of Barndominium Living:

1. Endless Design Possibilities: Barndominiums offer open spaces akin to warehouses, providing a canvas for creative interior design.

2. Affordability: Barndominiums are generally more cost-effective than traditional homes, making them an attractive option for budget-conscious individuals.

3. Energy Efficiency: With proper insulation and construction, barndominiums can be highly energy-efficient, leading to reduced utility costs.

4. 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.

Cons of Barndominium Living:

1. Limited Appreciation in Value: Barndominiums may not appreciate in value as rapidly as traditional homes, which could impact their resale value.

2. Appraisal Challenges: Due to the scarcity of comparable properties, appraising a Barndominium can be complex, potentially affecting the financing process for potential buyers.

3. Financing Difficulties: Securing financing for a Barndominium can be more challenging than for a conventional home, as many banks may not offer specialized loans for this type of property.

4. Potential Resale Challenges: The unique and customized nature of Barndominiums may limit their appeal to a broader market, potentially making them more challenging to sell.

5. Zoning Restrictions: Barndominiums may not be permitted in urban or densely populated areas due to zoning regulations. They are typically more common in rural settings with more relaxed building codes.

In summary, Barndominium living offers a unique blend of practicality and creativity, but it’s important to carefully consider both the advantages and potential drawbacks before making a decision.

Exploring the Pros and Cons of Barndominium Living - Yoder Real Estate (2024)

FAQs

What is the downside of barndominiums? ›

Barndominiums May Lack Adequate Sound Insulation

A drawback worth mentioning about barndominiums is their potential for loudness. The primary material used in their construction is typically a thinner metal, which doesn't provide an effective sound barrier against outside noises.

What do I wish I knew before building a barndominium? ›

Here are the most important things to know about building a barndominium.
  • Obtain a permit for your project. Photo by Bridger Steel, Inc. ...
  • Test the paint. Photo by Justin Doyle Homes. ...
  • Prepare for surprise costs. ...
  • Plan for electrical work. ...
  • Choose your windows and doors wisely. ...
  • Add insulation—it's important.
Mar 14, 2022

Are barndominiums prone to mold? ›

By being made out of metal, barndominiums have similar durability to steel structures with resistance to: Mold.

Why are barndominiums hard to finance? ›

Banks require appraisals to determine the property's value, which in turn, informs their lending decisions. Because barndominiums are relatively unique and fewer in number compared to traditional homes, finding comparable sales (comps) necessary for accurate valuation is difficult.

Why shouldn't you build a barndominium? ›

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.

Why are barndominiums hard to insure? ›

While a barndominium is very similar to a traditionally built home, insuring them can be much more difficult. There can be several reasons why insurance companies are hesitant to insure these structures. The primary reason is that these homes are non-standard construction, which means they lack historical data.

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.

What foundation is needed for a barndominium? ›

Properly executed, an embedded perimeter beam concrete slab foundation formulated from high strength 5,000 PSI concrete mix designs provides ideal structural support for the tremendous clear spans and dynamic live loads generated over generations of family life within your barndo.

Is rain loud in a barndominium? ›

Obviously loud “pounding” rain events will create more resounding noise on metal roofs than light sprinkles. So barndominium owners can expect especially heavy regional downpours like hurricanes and thunderstorms to generate louder roof noise. General rainfall produces noticeable but not usually disruptive noise.

Do barndominiums get struck by lightning? ›

Lightning navigates complex atmospheric electrical pathways unlikely influenced by a slightly taller barn- Their height and flat, expansive roofs also make barndominiums prone to lightning strikes. They tend to be taller than regular homes and have a large surface area exposed at height.

What is the life expectancy of a barndominium? ›

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.

What credit score do you need for a barndominium? ›

While criteria varies between institutions, ideal credit scores for the best barndominium loan rates start around 720+ or higher. This provides more assurance to lenders given barndos don't yet have comprehensive comparable sales data that appraisers prefer.

Can you get an FHA loan to build a barndominium? ›

Some of the more common loan types (FHA, VA) may not be available if you're trying to build a Barndominium. The lack of comparable sales (for the appraisal process) in the market usually prohibits the use of these types of loans. Luckily, conventional construction loans are available, as are a couple of other options.

How well do barndominiums appraise? ›

Thanks to their grandeur, a barndo could appraise a little higher than your traditional 3-bedroom suburban home. Of course, each property will vary as there is a lot of freedom in the building and design of a barndominium.

What is the lifespan of a barndominium? ›

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.

Do barndominiums hold their value? ›

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.

What is the truth about barndominiums? ›

Barndominiums skew more casual and farmhouse in style. Steel frame barndominium kits offer advantages like speed of construction, low maintenance, and precision engineering. However, stick built barns allow for more customization during framing.

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