A music studio at home is a major project that will instantly make a hobby sound like the professionals. Research shows that the home renovation market has experienced a gradual increase in profit from an estimated 30.2 billion in 2012 to 43.7 since 2018. This only goes to show that more and more people are looking to for ways to redesign their homes in a way that fit their specific needs. And for musicians, what better renovation is there than to create their personal music studio within the comforts of their own home.
Assess your space
The first thing that you need to consider when building a music studio is to understand your actual space. As long as you have ample room that allows you to place your equipment and other necessities, then you're all set. However, what happens when your home doesn't offer the footage you need? Even an outdoor shed can be turned into a music studio with the right planning.
Identify Your budget
Gather a clear idea of how much you plan to save and splurge on your home studio. This is to ensure that you know how much you can afford to work with and what will be your limit. But of course, your budget has to be realistic. With thorough research, you can browse websites online, do some window shopping, and make a list of the things that you need. Once you know what you need, you can start listing down the expenses.
Getting the Funds
There are many ways to build a DIY music studio, but how can you afford it? Aside from the traditional method of savings, there are loans available for home and business renovations. For example, zero-interest home improvement loans (HIP) will subsidize some or all of the interest on your renovation loan to help preserve local housing stock. Meanwhile, a Line of Credit is a traditional way to finance your home music studio by taking out a loan against the equity in your property.
In addition, you can sell your used equipment to help build your funds. Items like your old car, antiques, and even old gadgets will set you closer to your renovation goals. With a bit of patience and financial planning, you'll be on the right track to building your home music studio.
Gather the Necessary Equipment
Based on your space, no matter what size it may be, you will need to think hard about what you need in your music studio. From the recording instruments, musical instruments to your furniture, all equipment should be assessed. Got a limited collection of guitars? A large amplifier that takes up too much space? Determine which instruments and equipment you need for the space and work from there.
As long as you're willing to start on your project, there will always be a way to make it a reality. After all, research and preparation are all you will need to start building your dream music studio.