Article by Terri Williams | Real Simple
Featured Expertise by Jason Gelios | Realtor
The trend takes "farmhouse chic" to the next level.
The lack of existing homes and/or affordable housing has led prospective buyers to consider nontraditional ways to purchase a home. For example, there's been an increase in parents and grandparents helping their offspring buy a home—either to provide a financial boost, or to enter into a multigenerational living arrangement. Other people are paying cash for a home, and entering bidding wars against other buyers. Perhaps the most unexpected trend: People are buying barns, or, in this context, "barndominiums."
"A barndominium is a type of architectural style in which a barn is converted to a livable space," explains Tyler Forte, CEO of Freshbuilds, a general contracting company specializing in interior renovations. He adds that barndominiums are typically constructed of corrugated metal sheets with spray foam insulation and a prominent feature of these homes is large, open spaces (think "open concept" to an extreme). In fact, he says, some are even large enough to store an RV.
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Jason Gelios is a Husband and Father. After that, a Top Producing REALTOR®, Author of the books 'Think like a REALTOR®' and 'Beating The Force Of Average', Creator of The AskJasonGelios Real Estate Show and Expert Media Contributor to media outlets across the country.