Trends in Real Estate // Barndominiums

Building a Barndominium in Colorado:

Pros, Cons, and Expenses of Barndominiums

What are Barndominiums? They are a blend of barn and condominium, have become increasingly popular in Colorado.

These unique structures offer a rustic aesthetic with modern amenities, making them an appealing option for homeowners seeking a blend of rural charm and contemporary comfort.

Before diving into the construction of a barndominium,let's weigh the pros and cons and understand the associated expenses.

Pros of Building a Barndominium

1. Cost Efficiency:

• Lower Construction Costs: Compared to traditional homes, barndominiums generally have lower construction costs. The shell of a barndominium is typically made of metal, which can be more affordable and quicker to erect than traditional wood framing.

• Reduced Maintenance: Metal structures are less prone to issues like rot, termites, and mold, which can significantly lower long-term maintenance costs.

2. Durability and Longevity:

• Sturdy Construction: Barndominiums are known for their durability. The metal construction can withstand severe weather conditions common in Colorado, such as heavy snow and strong winds.

• Fire Resistance: Metal buildings are more fire-resistant than traditional wood structures, providing added safety and potentially lower insurance premiums.

3. Customization and Flexibility:

• Versatile Design: The open floor plan of a barndominium allows for extensive customization. Homeowners can design spacious interiors with high ceilings, large windows, and modern amenities.

• Multi-Use Space: These structures can be easily adapted for various uses, such as a home office, workshop, or even agricultural purposes, providing flexibility that traditional homes may lack.

4. Energy Efficiency:

• Insulation Options: With proper insulation, barndominiums can be highly energy-efficient. The metal shell can accommodate thick insulation, reducing heating and cooling costs, which is particularly advantageous in Colorado’s varying climate.

Cons of Building a Barndominium

1. Aesthetic Limitations:

• Rustic Appeal: While the rustic charm of a barndominium is a draw for many, it might not appeal to everyone. The industrial look can be a drawback for those preferring traditional home aesthetics.

2. Financing Challenges:

• Mortgage Difficulties: Securing a mortgage for a barndominium can be more challenging compared to a traditional home. Some lenders may be hesitant to finance these unconventional structures due to their non-standard nature.

3. Zoning and Permitting:

• Regulatory Hurdles: Depending on the location in Colorado, zoning laws and building codes can pose challenges. Some areas might have restrictions on non-traditional residential structures, requiring additional permits and potentially increasing costs.

4. Resale Value:

• Market Perception: The unique nature of barndominiums can impact their resale value. Potential buyers may be limited, as the market for such distinctive properties is smaller compared to conventional homes. Expenses of Building a Barndominium in Colorado 1.

Initial Construction Costs:

• Cost per Square Foot: On average, building a barndominium in Colorado can range from $100 to $150 per square foot, depending on the level of customization and materials used. This can be more cost-effective than traditional homes, which often exceed $200 per square foot.

Land Costs:

• Location Matters: The cost of land in Colorado varies widely. Rural areas tend to be more affordable, but proximity to cities like Denver or Boulder can significantly increase land prices.

Utilities and Infrastructure:

• Setting Up Essentials: Installing essential utilities such as water, electricity, and sewage can add to the overall expenses. If the land is undeveloped, these costs can be substantial. 4. Interior Finishing:

• Customization Choices: The cost of interior finishes, such as flooring, cabinetry, and appliances, can vary greatly based on personal preferences and quality of materials. High-end finishes can increase the total cost considerably.

Insurance:

• Coverage Costs: Insurance for barndominiums can be more expensive than for traditional homes due to their unique structure. However, their fire-resistant nature might help offset some of these costs.

Conclusion

Building a barndominium in Colorado offers numerous benefits, including cost efficiency, durability, and customization options. There are potential challenges such as financing difficulties, zoning issues, and aesthetic limitations must be considered. By carefully evaluating the pros and cons and planning for associated expenses, homeowners can make informed decisions and create a barndominium that meets their needs and lifestyle in the beautiful landscapes of Colorado.

In Colorado, the prices of Barndominium kits can vary from $30.00 to $35.00 per square foot based on factors such as design, wind/snow load, and proximity to the factory. The labor costs for Barndominium framing, siding, and roofing typically range from $10.00 to $12.00 per square foot.

As stated by HomeAdvisor, the cost of constructing a Barndominium falls between $120,000 and $540,000, with an average size of 2,400 square feet amounting to approximately $300,000. The overall construction expenses for a Barndominium can significantly differ depending on the property's size, the extent of DIY work, and the choice of finishes.

Expect the construction of a barndominium to take around 5 to 9 months from start to finish. However, this is a rough estimate, and the actual time can vary based on several factors such as design complexity, weather conditions, and material availability.

A colleague's family built a barndominium over in Montrose. This barndominium owner, Jimmy Bradburn, is a general contractor. You can check them out here-https://buyplanbuild.com and also follow them on Instagram at buyplanbuild. 

The first photo on their web-site is their home. They provide floor plans for all sizes of barndominiums. 

The current news is that the steel needed for barndominiums has gotten so costly that typical frame building with wood is now the less expensive route. 

Feel free to contact me at any time so that I can assist you in locating the perfect piece of land where you can bring your dream barndominium to life.

Whether you envision a cozy retreat nestled in a serene countryside setting or a modern structure with panoramic views, I am here to guide you through the process of finding the ideal location that aligns with your vision and requirements.

From considering factors such as zoning regulations and proximity to amenities to assessing the topography and potential for future expansion, I will work closely with you to ensure that the land you choose is not just a plot, but a canvas for your barndominium masterpiece. Together, we can explore various options, analyze the possibilities, and ultimately secure a site that serves as the foundation for your unique architectural vision. Let's embark on this exciting journey towards creating your dream barndominium, starting with finding the perfect piece of land to build upon.

Kelly McCallister, Realtor // Kelly.McCallister@8z.com // 303-517-5524 // buy. sell. invest.