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INSIDER SECRETS REVEALED!
Welcome To Another Exciting Edition of Barndo Buzz!!
One of the most common questions we see is:
WHAT IS THE RESALE VALUE OF A BARNDOMINIUM?
You may even be wondering about things like:
Can you make money selling a barndominium?
What tips can I have when building so that it works out best for me if I do decide to sell?
Are they easy to sell?
Do you sell a barndominium like a regular home?
How do I build my home so that it appraises for a loan?
In today’s issue of Barndo Buzz, we want to give you a summary of an interview we did with Chris Pesek, from Pesek Properties in Dripping Springs, Texas. Chris is a Specialist in Barndominium Real Estate and Marketing, and in this interview, he shares crucial tips to help you while building your barndominium so that you can avoid costly mistakes.
So, whether you're building a barndo, looking to buy a barndo or considering selling your barndominium, get ready for some invaluable insights from Chris Pesek. Let's dive in!
In just a few minutes, you’ll find out:
How to avoid a $40,000 mistake like one of Chris’ clients
Or…another client who WISHED HE HADN’T built an 8000 square foot albatross
Why Mother Nature always wins
Building Up to Local Codes – Don’t Make This $40,000 Mistake:
Chris emphasizes the importance of adhering to local building codes and standards when constructing a barndominium. He recounts a costly experience where missing permits led to a $40,000 loss to a seller because he failed to pull septic permits when he first built and was required to bring up to code prior to selling the property.
Understanding the Limited Buyer Pool – The Barndo Albatross:
Chris discussed the niche nature of barndominiums and the limited appeal they may have to certain buyers if the floor plan, design or appearance is unique to only your preference or taste. Be sure to consider design choices that can broaden the market appeal of these properties, ensuring they are not overly specialized or restrictive in their features. For example, he had a young man build an 8,000 square foot barndo, but only 700 square feet of the building was living space and it only had 1 bedroom. The rest was all shop!! This was a major problem; the unique design limited the number of potential buyers. By having a limited number of people interested in your home during a potential sale, you may have a negative impact on the potential selling price.
Proper Construction Methods – Mother Nature is always going to win:
Highlighting the significance of proper construction methods, Chris emphasizes the importance of insulation and moisture prevention techniques. He stressed the need to understand the specific requirements for materials like spray foam insulation and proper vapor barrier/insulation processes to prevent issues such as rust or mold in the future – remember that Mother Nature is always going to win so make sure your construction is completed in a way to keep her happy. He has seen barndo DIY’ers do it wrong and have substantial costs related to fixing these problems down the road.
FOR OUR VIP MEMBERS, Chris reveals additional HIGH-LEVEL SECRETS from his own personal experiences to help save you money and avoid making critical mistakes when it comes to the resale value of your barndominium.
PLUS!!!!!!!! VIP members now have access to past issues of our newsletters and FREE access to Project Barndo with the Ultimate Barndo Build Planning Checklist, exclusive Design Your Own Barndo Software and 2 sets of the most popular Barndo Blueprints for FREE!!
Get The Highest Price You Can!
Chris underscored the importance of working with a realtor who understands the barndominium market and specializes in marketing these properties when you decide to sell. He encourages sellers to seek out agents who can effectively communicate the unique features and benefits of barndominiums to potential buyers, thereby facilitating smoother transactions. An agent that knows the details of barndominium construction, zoning and regulatory issues and how to properly present them to buyers in the marketplace can have a substantial impact not only ease of sale but to also help you get the highest price you can!
Avoid The Pains With Home Loans & Insurance
Chris advises sellers to partner with lenders and insurance agents experienced in barndominium transactions. He warns against potential financing issues that may arise if lenders and insurers are unfamiliar with these types of properties, emphasizing issues like bad appraisals, potential loan denials, higher premiums on insurances and a host of other potential problems.
Benefits of Rainwater Collection
Lastly, Chris shares insights on the benefits of rainwater collection, particularly in Texas. As an owner of a home with a rainwater collection system himself, he highlights the sustainability and cost-effectiveness of this approach, encouraging homeowners to explore alternative water sources to reduce reliance on traditional systems. “With all of the chemicals we hear about in the ground, the potential restrictions on public water systems and other water related concerns, knowing that I have a 29,000-gallon water system to provide me with plenty of fresh water is very reassuring.”
To learn more about resale values of barndominiums, Chris is open to your call or e-mail. You can reach him directly at 512-735-1703 or chris@drippingspringshometeam.com.
To Happy Barndo Living!
The Barndo Buzz Crew
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