#1 Barndominium Problem That No One Talks About

can u Recommend me where can i find someone that could pick the right place? And help us Good low Price. Good Area with land .

Refied mine for 2.25% 3 years ago...so glad I did!

😂😂😂😂 just shhhh

my advice to anyone wanting to build one of these thinking its going to be "cheap", if you can't do the vast majority of the work yourself (with the occasional friend/family helper willing to work for cheap to help the cause), as well as knowing some plumbers and electricians willing to give "the friend price", the labor costs to make it a home will murder your dreams.

that said, if you are like me and have worked in skilled trades building homes most of your life, it truly can be a financial cheat code being able to waterproof, frame, insulate, hang and tape drywall, paint and install everything needed to make it a home yourself and call a few buddies who own plumbing/electrical companies to give me the homie price. i'm a drywall taper by trade but i've done a bit of everything. from tile to framing. it's a big asset if you are going into this, you have to be a hands on owner. subbing everything out and using a gc will break your bank if you are coming into this thinking it'll be cheap.

Pay cash there is no issues

Just purchased a huge barndominium with 4500 square feet of living space, had no issues getting financed, and contrary to others on this thread very best insulated house I ever owned, the end of October, and still did not need to heat anything! Wish I would have done this many years ago.

I remember mortgage rates mid to upper teens, rates won't ever be 2 or 3 ever again IMO

Great information!

I would love to talk more about the financing . I will be doing something in the very near future. Do you recommend a company to purchase from or build with?

Looks like a pain in the butt to heat, cool, or be as energy wise as some other home builds.

They are ment to be built out of pocket... I do not want to get a lone and be always paying and paying

I plan on building in cash after my current house sells

I am in the market for a barndo and John was extremely helpfu,l explaining my options for refinancing in a clear concise manner. When the time comes to refinance I will definitely be calling John back!

Thanks for the call!

Are Barndominium's harder to finance and appraise? Kinda like pre-fab homes?
are they harder to resell? Are the viewed differently than regular stick frame houses?

They can get refi....wtf you talking bout willis

I paid cash for my land and shop/apartment. Debt is evil

#1 Advantage... Because the cost is so much lower I'm paying cash for my build.
Debt free and never looking back.

Random question what is the percentage of people who build these that do not finance? Seeing a ton of them on acreage I would assume a lit of build someone moves a few acres and just pays. Of course that keeps banks slower to come around to them

So i have a different type of financing question... I'm going a different hopefully debt-free or minimalist amount of debt by a multi-year barndo build. Would breaking up the costs into manageable personal loan for each phase (not getting new loan until previous phase loan is paid off)... less expensive than say (one lump sum building loan) with a type of multi-year loan?

Who builds in the Mobile Alabama area?

The reason Barna minium’s got started in the first place was so that you could build it out of your pocket as you go no need for Financing in the first place

Is it possible to do a VA one time close to build a barndo as well as purchase the lot?

So this is a problem that was invented to get my money?

Well even if you own it outright, it’s when it comes to resell?? Would that present any difficulties??

When we bought ours it was a new build on 10 acres. 2 Story Metal building. But I never mentioned the term Barndomimium. The bank never asked. Same bank I had used on a previous house. Never really thought about the refinance deal. But we closed in Jan 2021. Rates were still great at that point.

Why is the Brando treated differently than a std home when it comes to financing?

# 1 problem is finding a place that allows building I think, boy its so hard to find a land to build.

You are a waste of time. shut up

Can you get one with a USDA loan?

So don't make a barn unless it's your property, your money. Don't get a loan. Simple.

Even bigger problem is.... Gov getting out of mortgage backed money.

Good stuff John! 👊🏼💯🇺🇸
Thanks for the tips my friend!

Why would a bank pay for the closing cost? Would they agree to that in the initial contract and if so, what are they getting out of it?

Is it more difficult to finance a Barningham, will it be considered commercial building not residential? I’m worried that I can’t sell it when the time comes.

Superbe maison 🏠