Is It Cheaper to Build a Barndominium?

Barndominiums are, on average, cheaper than a house. Traditional homes cost around $115-$145 per square foot to build, while barndominiums cost between $70 and $90 per square foot on average. Much of this is thanks to the barndo “kits,” which include the exterior walls and roof at a lower cost.

How much does it cost to build a 2000 sq ft barndominium?

For a 2,000 square foot turnkey barndominium, the cost can range from $190,000 to $250,000. For a DIY barndominium, you can buy a shell for as little as $10,000. Constructing it can cost you as little as $80,000, but you have to do all the labor yourself.

Will banks finance a barndominium?

“But as barndominiums gain in popularity, more financing options will become available.” Most Farm Credit lenders will finance the construction of a barndominium. Loan officers will evaluate both the customer's situation and plans to determine whether a loan can be made.