When we say studio equipment, we’re talking about all the different pieces of gear that you’ll need to set up a recording studio. All studio equipment is not created equal. Much of this gear is very expensive and for that reason, is usually available for rental. There are however some scenarios where owning your own studio equipment is smarter than simply renting it.
in this article, we’ll explain all the things you’ll need to consider before making a studio equipment purchase. By the time, you’re through reading this you’ll be able to make a more informed decision about how you should best invest to grow your music business as quickly as possible.
Is Setting Up a Personal Music Studio Really Worth It?
If you’re interested in setting up a personal recording studio, then music production is probably more than just a hobby for you. Home studio setup can get expensive and it’s a lot of work. Even if you have all the recording equipment, building your studio will still cost you. Soundproofing a room can cost thousands just on its own. That being said, having a recording studio in your home is very convenient for people who make their living from music.
Personal preference is another great reason why you would want to own your own music studio space. When you own the space, you have the ability to add or delete studio equipment until your studio is optimized for the specific way that you work. Below we have listed seven questions that every music professional should ask themselves before they start buying studio equipment and setting up a personal studio of their own.
Questions to Ask Before Buying Music Studio Equipment
What kind of recording studio do you need?
If you just need a place to mix music and maybe record some samples then you can probably get away with a relatively affordable set-up. However, if you plan on recording live music and vocals in your studio then you’re probably better off renting a space. The design and layout of vocal isolation booths, live rooms, and control rooms is a complex art that gets expensive quickly.
How much time will you spend using your studio monthly?
Your time management skills are crucial, if you’re the type of person who needs to spend hours and hours in the studio to complete a task then maybe owning your own space is smarter. On the flip side of that coin, if you work project to project and know exactly how long it will take you to complete something then renting a space will be more cost beneficial.
Is music your profession or a hobby?
Studio equipment is expensive, good studio equipment is outrageously expensive. If you want some decent gear then you’re looking at a project with a price tag in the tens of thousands. If money isn’t an issue then spending that type of cash all at once might not be a problem, but if music is your business then you should think about how you’re investing your capital. In business finance, it’s almost always better to space out payments instead of making large one-time purchases. Renting a studio for $1000 a month and making $4000 right away is smarter than dropping $50,000 on studio equipment and staying in the red for years.
Do you have the space for a music studio?
This plays back into our first question. If you need to record music from multiple sources you’re going to require sound isolation. Having a live room and sound booth can eat up a lot of square footage. If you need to do this type of recording then you’re probably better off simply renting the space and equipment. Another thing to consider is sound ordinances. If you want to build a studio inside your home then you’re going to have to be careful about not pissing off the neighbors. The main appeal of renting a professional recording studio space is that you’ll never get the cops called on you for being too loud.
How much are you allowed to modify the space you have chosen?
This should be a no-brainer, but if you rent your home you probably won’t be able to make that many modifications. Not every recording studio is going to need you to alter the physical space. if you need that next level of professionalism you’ll need some sound-proofing at the very least. The cool thing about renting a recording studio is that the spaces are purpose-built to maximize your ability to capture sound effectively.
How much studio equipment do you currently own?
If you already have everything you need equipment wise and just need a place to set it up, then your home might be a great option. This solution becomes less appealing as you add more pieces of studio equipment to the list of things you need to purchase.
How long do you plan on staying in your home?
You have to ask yourself if you’re going to stay in your current location long enough for you to get an ROI on the studio you build. Sure having a studio in your home that’s filled with all the newest equipment is awesome, but will you be using it enough to justify the expense?
After you’ve finished answering each one of these questions as they apply to your specific situation, ask yourself one more:
Is owning studio equipment better for my business than renting it?
Your answer to that question will guide the way you conduct business and should give you a better understanding of how you need to invest your money. If you find that renting recording studio space is your best option then Madstudios can help you rent space more efficiently.
The decision to set up a recording studio in your home is not one to be taken lightly. Asking yourself these questions is a good place to start when you’re looking to start or expand your music business.
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