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.
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.