Why are Barndominiums So Popular?

Steel barndominiums are becoming increasingly in demand, and for good reason. Steel offers a unique blend of durability, flexibility, and affordability that is unmatched by traditional wood construction. Let's dive into what makes steel barndominiums such an attractive option.

What are steel barndominiums?

Steel barndominiums are living spaces constructed out of metal. Built with a barn-style design, they often feature open floor plans, high ceilings, and versatile interior space that can be customized to fit the homeowner's needs.

With features like exposed beams and industrial-style finishes, steel barndominiums are both modern and rustic. They offer a fresh take on the idea of a place to live.

Is a barndominium more affordable to build than a house?

Metal can be more economical as a construction material than wood, especially for larger builds. Pre-engineered components reduce building costs because exterior walls are bolted and welded into place rather than built from scratch, and there is no need for interior load-bearing walls. A basic barndominium focusing on functionality may be more cost-effective than a similarly sized house.

Bardominiums go up faster and require less complex framing than traditional wood frame homes. 

How long do barndominiums last?

Steel barndominiums are resistant to issues like pests, rot, deterioration, and harsh weather conditions. With proper care, they can last a very long time with fewer maintenance issues than a wood constructed home. The lifespan of a barndominium can easily exceed 50 years, potentially lasting 100 years, or more.

Can steel barndominiums be financed?

Because barndominiums are not technically classified as houses, getting a conventional mortgage loan to build one may be difficult. Be certain to bring plans, a detailed materials list, and a credible building timeline to an initial meeting with a lender. Pre-qualifying for financing is typically quick and easy, so the project can get started as soon as possible. No pre-payment fees means the loan can be paid back before the end of its term at no additional cost.

How difficult is it to insure a steel barndominium?

There are different types of barndominium insurance available. Because not every provider will know exactly how to cover a barndominium, they may not have a ready-made policy that you can purchase. Research insurance companies to find one that will work with you to adequately protect your investment.

Homeowner's Insurance

Standard homeowner's insurance is the basic type of insurance that everyone gets. It covers you if something damages or destroys your barndominium.

Specialty Insurance

If you can't find a company with a pre-made barndominium insurance policy, you may have to purchase specialty insurance for your home. This may involve additional coverage and extra cost, but it's worth it in the long run if something happens to the structure.

Liability Insurance

Liability barndominium insurance protects you in the event that someone gets injured on your property. With the price of medical bills, this can be one of the biggest money savers.

For adequate protection, getting the right bardominium insurance for your home is essential. Be sure to read the fine print on the policy you are considering to get the best coverage.

How much do barndominiums cost?

The average cost of building a barndominium will depend on several factors including location, build type, size, and customization. Overall, costs will include:

• Land acquisition: The cost of land will vary widely based on location, size, and amenities. This crucial investment may average somewhere between $10,000 and $100,000 or more.
• Site preparation: Getting the land ready for construction may involve work like clearing, grading, and ensuring proper drainage. Depending on the amount of work required, $5,000 to $20,000 may be a good estimate.
• Permitting fees: Any construction project requires securing necessary permits. These can range from a few hundred to several thousand dollars.
• Barndominium steel: The average cost of a prefab steel barndominium kit is $80 to $150 per square foot.
• On-site construction labor: Labor costs for assembling a barndominium typically range from $20 to $40 per square foot.
• Interior finishing: Insulation, flooring, drywall, cabinetry, plumbing, electrical work, and other fixtures are included in the interior finishing. Costs can range from $40 to $100 per square foot.
• Exterior finishing: Features like porches, decks, driveways, and landscaping can add an additional $10,000 to $50,000 to the project.
• Final inspections and certifications: Utility connections, final inspections, and certifications may incur additional costs.

The average cost for materials and labor required to build a barndominium is between $60 and $160 per square foot. For a 2,000 square foot barndominium, the total would average between $200,000 and $300,000.

Why are steel barndominiums so cost-effective?

Steel barndominiums are pre-fabricated. Because less work is involved in erecting one than in a traditional wood build, labor costs are lower. Barndominiums are energy efficient, pest and rot resistant, long-lasting, and they require less maintenance. Learn more about the efficiencies that are making barndominiums so popular throughout the country – learn more about bardominiums costs and maintenance from US National Steel.