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    Barndo Financing...

    Alright TBH brain trust, I need yalls help...


    I’m ready to get out of town. I’ve been looking at houses for the last 6 months Around north Texas with no luck. It’s either an awesome piece of land and a crappy house or vice versa. A couple weeks ago my realtor mentioned new construction and I just blew it off. Then several others have mentioned it. Now they’ve got my wheels turning.

    How have y’all gone about financing your barndominium builds?? Did you find a bank that would do the land and construction all in one? Or do you normally do them separate and then roll into one?? My pops will be my GC for a small fee. I’ll have the slab and building done, the rest of it we will do ourselves with the help of some of his guys. Is it possible to get it finished out under $150k not including land?? Nothing crazy, around 1,500sqft of house and maybe 1000sqfg or shop. All under one roof, one slab. Is this a possibility or am I dreaming??

    #2
    I believe you could achieve the under $150k mark but you will be limited on every aspect of the build. Capitol Farm Credit will finance everything with enough down.

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      #3
      No.. That building is going to cost you 50K, Figure another 10K for utilities, water, permits, grading, etc, etc... That leaves you $60/ft to finish the house.. I don't think you can do that with today's prices.. If you are patient and do a lot of the work yourself, bargain for materials, maybe, but the lender is only going to give you so long to finish.

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        #4
        don't forget septic. Poop dumpster costs a lot!

        Comment


          #5
          150k is going to be tight IMO. As mentioned before you are going to have utility costs that will be pretty much the same regardless of what size the building is.

          I am also curious to see what financing looks like compared to a traditional home in a neighborhood.

          Comment


            #6
            Originally posted by gumbl3 View Post
            No.. That building is going to cost you 50K, Figure another 10K for utilities, water, permits, grading, etc, etc... That leaves you $60/ft to finish the house.. I don't think you can do that with today's prices.. If you are patient and do a lot of the work yourself, bargain for materials, maybe, but the lender is only going to give you so long to finish.

            Yep...I am in bidding phase now and confirm such. Looking at 65sq foot shop, 45sq foot porches, 120sq foot living. 7500 sewer, etc..
            Proud member since 1999

            Gary's Outdoor Highlight of 2008:


            http://discussions.texasbowhunter.co...highlight=GARY

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              #7
              I'm hearing of several counties changing up the way they do taxes on "barndos". Like they aren't giving the large tax discounts that made them so appealing at one point...If this is true, what are the advantages of going this route vs a traditional build and separate shop?

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                #8
                Glad you started this thread as I'm starting this process myself as well and need to know what's realistic to expect with the sq costs of everything.

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                  #9
                  I just bought 10 acres myself and look was told to expect to pay around 125 a square foot

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                    #10
                    Originally posted by chehunt View Post
                    I'm hearing of several counties changing up the way they do taxes on "barndos". Like they aren't giving the large tax discounts that made them so appealing at one point...If this is true, what are the advantages of going this route vs a traditional build and separate shop?
                    Curious as well. I’ve been researching and they are taxing them in line with stick built houses and you don’t get as good of rates when financing.

                    Comment


                      #11
                      We used a local bank and financed both in one. We built 3 years ago and were between 150-160k. 2400 sf ft 1200 ft of porches finished out pretty nice inside. I was the GC and did alot of the work myself with help of family and friends. That price also includes well and septic.

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                        #12
                        Originally posted by bloodtrailer28 View Post
                        We used a local bank and financed both in one. We built 3 years ago and were between 150-160k. 2400 sf ft 1200 ft of porches finished out pretty nice inside. I was the GC and did alot of the work myself with help of family and friends. That price also includes well and septic.
                        This is what i like to hear. My GC (dad) has guys sitting home right now ready to work. I think this is a good time to capitalize on that. We will be able to do every bit of the finish out ourselves which will save a substantial amount of money.

                        Comment


                          #13
                          Originally posted by Acameron52 View Post
                          This is what i like to hear. My GC (dad) has guys sitting home right now ready to work. I think this is a good time to capitalize on that. We will be able to do every bit of the finish out ourselves which will save a substantial amount of money.
                          I built a mueller building at the house. 70x30 insulated.
                          Building $20000
                          Slab $14000
                          Assembly $7000
                          Dirt (LOTS) $7000
                          Electrical $3000
                          Plumbing $2000

                          I sure think I could finish it out for under $50000

                          Comment


                            #14
                            I own a metal erecting company and just talked to another TBH this week about his build. If you have any questions on material, structure, plans, etc etc please feel free to hit me up. Also, be very picky on your builder and concrete when it comes down to your barndo. If in the rural area I’d personally only be looking at weld-up and not pre engineered. Will save you some money and can make changes on the fly if they come up.

                            Also, do your shopping for the material. Mueller is one of the highest in the business. Good ppl with knowledge but their prices are crazy!!

                            Comment


                              #15
                              Whatever you do, be careful with who you choose. A friend in Brazoria County was going to use APB Pole Barns out of western Louisiana and was ripped off. The owner used to work for Reed Metal Buildings so we thought he was legit. They wanted 1/2 down, which wasn't too bad, around $13,000. That was the last he ever saw of the investment. After paying APB, all he heard were excuses like family illness and personal problems. The Local Police weren't any help either. APB is still active on Craigslist too. He eventually used Wolf out of Oklahoma and it looks great.

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