When building a home, your budget is usually the strongest determining factor for all your choices. It dictates the size of your home, the type of finishes you’ll have, and even the completion date. So, it’s only natural to gravitate towards cheaper construction approaches like opting for a barndominium.
A 40×60 barndominium can cost anywhere between $150,000 to $500,000. This includes the cost of materials, labor, and permits. However, the actual cost will vary depending on the location, type of materials used, and any special features you might want to add.
This article will give you a general idea of what goes into the cost of building a 40×60 barndominium. Use this as a starting point; you can reach out to local builders for a more accurate estimate. So, without further ado, let’s get started!
A barndominium is a barn that’s been converted into a living space. It is an alternative to the traditional stick-built home, and it is usually more affordable to construct.
However, barndos can serve a wide array of purposes. You can also use them as shops, offices, storage units, and more. The possibilities are endless!
Here are some of the reasons people choose to build barndominiums over stick-built houses:
- Cost – Barndominiums are usually more affordable than traditional homes, especially if you plan to do most of the work yourself.
- Flexibility – Barndos are versatile and can be used for various purposes. For example, you could use it as a home, office, shop, storage unit, etc.
- Maintenance – Metal buildings require very little maintenance, which is a huge plus.
Now that we’ve answered the question “what is a barndominium,” it’s time to dive into the cost of building one. Generally, it costs between $150,000 to $500,000 to build a 40×60 barndominium. However, the actual cost will vary depending on several factors, including:
The cost of building a barndominium will vary depending on the location. If you live in a rural area, the cost will be lower than in a city. This is because builders in rural areas typically charge less than those in urban areas.
For example, my cousin had one built in the outskirts of Bailey, TX, costing him $80 per square foot. My friend had a similar project in Beaumont, TX and it cost her $120 per square foot.
Still, this does not mean you should automatically choose a rural location because it is cheaper. You should also consider other factors (included in this list) before making your decision.
The type of materials you use will significantly impact the cost of your barndominium. For example, if you use high-end materials like marble countertops, the price will be higher than if you use laminate countertops.
You should also keep in mind that the type of materials you use will affect the resale value of your barndominium. So, if you plan on selling it in the future, you might want to use higher-end materials.
Still, it is important to note that barndos do not appreciate in value like a traditional home does. High-end materials are just a way to attract more eyeballs to your listing. That’s one of the reasons that make it harder to sell a barndo compared to a regular house.
Do you want a porch, deck, or patio? Or maybe a second story for the bedrooms. These features will obviously increase the cost of your project.
Fireplaces, pools, and other luxury items will also increase the cost. However, these features can make your barndo more comfortable, so they are worth considering.
Depending on where you live, you might need to get a permit before building your barndominium. The cost of the permit will vary depending on the location and the size of your project.
For example, heritage sites will require a different type of permit than regular sites. Also, permits in urban areas are also more expensive than in rural areas.
If you hire a contractor, the cost will obviously be higher than if you were to do the work yourself. However, it is important to note that hiring a contractor does not necessarily mean that the quality of your barndominium will be better.
There are plenty of great contractors out there who do excellent work. However, there are also some bad apples that will cut corners and do a lousy job. So, make sure you do your research before hiring a pro for the job.
Most barndos are made of a steel frame with metal siding and a metal roof. However, you can also find barndominiums made of wood or other materials.
Steel is obviously the most popular choice because it is strong, durable, and low maintenance. Plus, it is fire resistant, which is a huge plus.
The interior of a barndominium can be finished however you want. You could use drywall to finish the walls and ceiling. Alternatively, you could use tongue and groove boards to give it a more rustic look.
Windows and doors are another important consideration. You can get barndominiums with either standard windows or large garage-style doors. Again, it’s up to you to decide what look you’re going for.
I like the idea of having large garage-style doors because they let in a lot of natural light and make the space more open.
The key to remember is that you can finish the interior of your barndominium however you want. So, if you’re on a budget, you could use some basic materials. On the flip side, if money is not an issue, you could go all out with things like a pool, deck, and high-end fixtures.
If you’re thinking about building a barndominium, there are a few financial pitfalls you will want to avoid. Here are a few tips to help you stay on track.
One of the biggest mistakes people make when building a barndominium is underestimating the cost of construction.
Many people think that because they are using recycled materials or salvaged wood, they will be able to build their barndominium for next to nothing. But that is not always the case.
Building a barndominium can be very expensive. So, it is crucial to have a realistic budget before you start construction.
Another mistake people make is financing more than they can afford. Just because you are approved for a loan doesn’t mean you should take it.
Be sure to only borrow what you need and be mindful of the interest rate. The last thing you want is to be saddled with a huge loan you can’t afford.
Many forget that barndominiums require regular maintenance, just like any other type of home. You want to stay on top of roof repairs, painting, and general upkeep.
If you don’t, your barndominium can start to experience problem after problem, and that can be very expensive to fix.
Another vital thing to remember is that you need to insure your barndominium. Just like any other type of home, barndominiums are susceptible to damage from weather events, fires, and other disasters.
Be sure to get a policy that covers the replacement value of your home. That way, you will be able to rebuild if something happens.
Yes, there are!
If you use your barndominium as your primary residence, you can take advantage of the same tax benefits that any homeowner enjoys. This includes the mortgage interest deduction and the capital gains exclusion.
Plus, you might be eligible for even more tax breaks if you have a business on your property. For example, you could deduct the cost of your office space or equipment from your taxes.
So, if you want to reduce your tax bill, owning a barndominium might be the perfect solution.
There is no one-size-fits-all answer to this question because the permitting process will vary depending on where you live. However, a few general tips will help you get through the process as quickly and smoothly as possible.
First, ensure you have your ducks in a row before starting the permitting process. This means having a detailed plan of your barndominium and a list of the materials you will be using.
The more prepared you are, the easier the permitting process will be.
Second, be patient and prepared for some back-and-forth with the permitting office. It is not unusual for the process to have some confusion or miscommunication. The idea is to stay calm and be prepared to provide additional information if needed.
Moreover, don’t be afraid to ask for help if you need it. Many people have been through the permitting process before, and they can help you navigate the system.
Like with any construction project, you will definitely meet some challenges during the building process. Here are a few of the most common challenges people face when building a barndominium.
The cost of building a barndominium will only get steeper, thanks to the rising price of steel. So, if you are on a tight budget, you might have to get creative with your design or find ways to cut costs.
For example, you could use recycled materials or salvaged wood to finish the interior. Alternatively, you could build the shell of the barndominium yourself and hire a contractor to finish the interior.
Building a huge barndominium can take as little as two weeks. However, it is not unusual for there to be construction delays.
This is especially true if you are using a contractor. These professionals often juggle multiple projects at once, so it is not uncommon for them to get behind schedule.
Then there is the issue of material delay. Your steel structure is usually made off-site and then shipped to your property. However, if there is a problem with the manufacturing process, it could hold up your project for weeks or even months.
Another challenge you might face is bad weather. If it rains or snows during construction, it can delay the project. Plus, if the weather is too hot or cold, it can make working on the barndominium uncomfortable.
So, if you live in an area with extreme weather conditions, it is important to factor that into your construction timeline.
These are just a few of the challenges you might face when building a barndominium. However, if you are prepared for them, they shouldn’t delay the process for too long.
You’ll be forgiven for thinking that barndominiums are only used as rural weekend homes or for housing livestock. In fact, more people are embracing these home styles for their rural projects, with most owners using their barndos as a primary residence because of their many benefits.
For one, they are much cheaper to build than a traditional home. And they can be built very quickly. So, if you need a place to live ASAP, a barndominium might be the perfect solution.
Another benefit of living in a barndominium is that they are very low-maintenance. Since they are made mostly of steel, there is no need to worry about termites or other pests. Plus, they are very durable and can withstand extreme weather conditions.
Building a barndominium can be a great way to save money and create the home of your dreams.
However, as with any major purchase, it’s important to do your research and be mindful of the costs before you start construction. This will help you avoid any surprises down the road.
I hope this article has been helpful, and I wish you the best of luck with your barndominium project!