I see a lot of places with BIG barns that look to be in good condition. My musing - a company or non-profit that would turn them into rental apts, and possibly manage them if the owner does not relish being a landlord.
I can't figure out how the financials would work though. The company would have an upfront cost, the owner would have improvements to his property, and the rental income would have to be split somehow. Like I said, musings.
sixteenandseven t1_j6ykf8h wrote
Most of the expense of a house is not in it's structure, sheathing, or roof. It's in the finish, fixtures, utilities, etc. Barns are just structures with sheathing and a roof. It's actually gonna be more expensive to retrofit a barn to accommodate all the other stuff than to just build something that was meant to have insulation, finished spaces, utilities, etc.
It just doesn't save any money.