BARNDOMINIUMS - Pros and Cons!

If you've talked to anyone in South Carolina about the topic of real estate the past year, there is a good chance the topic of "barndominiums" have been brought up. Shortened to "Barndos", barndominiums are certainly unique and bring a host of possibilities with them. However some traits are good and some not so good. In today's video, I talk about the PROS & CONS of owning/building a barndo in South Carolina!

I left out the cost of barndominiums on purpose due to the HUGE range of cost that may or may not be accrued in your build!

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[upstatescliving]

I didn’t include the cost to build a barndominium due to the range being so wide. It varies largely on your preferences. Due to the all of the customization options, it CAN be cheaper than a traditional house but not necessarily.

[gc]

Mine is steel construction throughout. There are many in my region. No issue with financing or appraisal.

[rossledford]

I’m an Owner of The Barndo Co. Would love to collab and bring some perspective from the builder side of Barndominiums.

[mariyawilliams]

We bought land in texas and are about to build our barndominium

[PreferredMortgageFinancial]

Good evening! We can lend on barndos (with only two comps needed outside of the subdivision/neighborhood) anywhere in SC, with plans for further expansion into NC, GA, and TN.

[khattiseitap]

You forgot to mention the most important thing about barndo construction: it is pole, or post & beam construction, which is why it allows for those massive spans, and quick construction. In rural areas most construction crews are familiar with the method as virtually any other building that goes up is a pole building.

[poorasslawstudent]

I live in West Texas. Barndos are pretty popular but I think with the heat that we have it is utterly stupid that everyone has dark roofs. I loved the picture of the blue barndo with the silver roof. It looks great and will reflect a ton of the heat.

[eugeniustheodidactus]

I am slowly heading towards a BARNO build somewhere in NC / VA.

[easternpa]

Good rundown. I need to start envisioning what retirement is going to look like, and sometimes I think about a barndominium on 20 to 50 acres. I would have a small plot to grow some veggies and keep chickens, some covered parking for a big class A RV or fifth wheel, a 3-car garage, a private airstrip, and a hangar for a Cessna. Although the chickens may not be big fans of the Cessna coming and going.

[dlg]

You absolutely do not need a realtor to build a home. That's just adding cost to the project for no good reason. Just do your own extensive research before you talk to anyone or spend a single dime. All the information you need to have a successful project is already out there, you just have to take the time to learn it before you start. Also check references before you hire a builder!

[AimeeDenise_bct]

Thank you for this! We were initially going to build in Manchester, KY, but we’re selling that 52 acres and are now looking at building in the FL panhandle once we decide where to buy land.

We never would have considered an issue with getting a traditional loan! If any Barndominium builders are in FL, please respond to this msg! We have a plan ready for bid.

[SoTotallyTrey]

Your Local Community Lender here - You are totally correct when you made the statement about portfolio/in-house products. These loans are not easy to sell downstream which prompts us as a lender to keep it on our books. Hence, we then face higher risk and servicing costs which originating a conventional mortgage loan does not. With all of that being said, if you work with your bank and inject ample equity/downpayment the in-house side could actually turn out to be a more simple process.

Trey Brownlee III
NWFL Lender

[krucifixproductions]

My wife and I want to sell our home find land and build a bardominium. I’m still researching to get more familiar with the process.

[victorvazquez]

The amount of lumber that goes into a framed house exponentially adds to the amounts of mistakes and bad installation.
Barndominium doesn't transfer loads to walls like framed houses. The loads are transferred mainly to post.

[mckeemichael]

Working with The Barndoco out of Duncan. Just starting out but great to work with so far! And they have a C2P loan option with a local lender.

[shannonsmeltz]

We built our first Barndominium in 1998 in Indiana!

[quentinwormicksr.]

This is what my Wife and I want in the Mid-west Soon!!!

[mikepagan]

appraisers not able to get a great value for the home is a great idea when you have to pay annual taxes!!

[robpepsc]

Any issues building in Charleston SC with Wind codes? You know of good Builders that have build Barndominiums in Charleston area?

[EyezofMoe]

I’ve been working with potentially having a STICK BUILT that has since tried to discourage me from going with a Barndo !! He talked a lot about it rusting over time and cooling/heating costs.