As housing prices continue to rise, more and more people are turning to Barndominiums to give them the option of affordable homeownership.
Using post frame construction, barndominiums are able to be built at a much more affordable rate. There are less materials to be used, and the construction takes about a month reducing labor costs significantly. But if you’re considering building one, a key question is: How much does a barndominium cost? The answer varies based on several factors, including size, location, materials, and customization. Here’s a detailed breakdown to help you understand the costs involved.
Basic Cost Estimates
On average, the cost of a barndominium can range from $100 to $200 per square foot. This estimate includes basic construction and materials but does not cover high-end finishes or extensive customization. For a standard 1,500 square foot barndominium, this translates to a total cost between $150,000 and $300,000. However, prices can fluctuate based on the specifics of your project.
Factors Influencing Cost
Several factors impact the overall cost of building a barndominium:
- Size: Larger barndominiums naturally cost more. The price per square foot might decrease as the size increases, but the total cost will rise significantly. For instance, a 3,000 square foot barndominium could cost between $300,000 and $600,000.
- Location: Geographic location plays a significant role in the cost. Building in areas with higher labor and material costs, or where transportation of materials is more expensive, will drive up the total expense. Additionally, local building codes and regulations can impact the cost.
- Materials: The choice of materials significantly affects the cost. Basic metal siding and roofing are typically more affordable than premium options like brick or high-end finishes. The interior finishes, such as flooring, plumbing, cabinetry, and fixtures, also contribute to the overall cost.
- Customization: Custom features such as vaulted ceilings, intricate design elements, or specialized rooms (like a home gym or office) will add to the expense. Customizations can range from a few thousand to tens of thousands of dollars, depending on the complexity and materials chosen.
Additional Costs
Beyond the basic construction, there are other costs to consider:
- Land: If you don’t already own land, purchasing a suitable plot is an additional expense. The cost of land varies widely depending on location, size, and utility connections.
- Utilities and Infrastructure: Connecting to utilities (water, sewer, electricity) and installing infrastructure (driveways, landscaping) adds to the total cost. These expenses can range from a few hundred to a few thousand dollars depending on your site’s needs.
- Permits and Fees: Building permits and other regulatory fees vary by location and can add several thousand dollars to your budget. Ensure you account for these in your planning.
Financing Options
Financing a barndominium can be different from traditional home loans. Barndominiums are able to be built much faster than traditional homes, so the loan payout method that traditional homelenders use may not work for you.
Some lenders may require a higher down payment or offer specialized loans for barndominiums. Research various financing options and consult with financial advisors or lenders experienced with barndominium projects.
We are proud to partner with HFS to provide loans to client looking to build with Wapiti.
Build Your Dream
The cost of a barndominium can vary widely based on size, location, materials, and customization. While the average cost ranges from $100 to $200 per square foot, your total expense could be higher or lower based on your specific choices and requirements. Careful planning, budgeting, and consultation with professionals can help ensure that your barndominium project is both affordable and meets your expectations. These sturdy homes are offering a great way for people to become homeowners without breaking the bank.
Wapiti Pacific will work with you to build your dream home. Our team has years of experience in designing and building pole buildings – we are proud to offer quality homes at affordable prices. Reach out for a quote today.
Can’t wait? Use our free 3D Builder to design your dream barndominium.
