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Old 09-18-2003, 01:42 PM
storm-01 storm-01 is offline
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Join Date: Feb 2003
Posts: 348
Default To build or not to build? Money is the question...

This is for all of those that have built or are currently building a semi-pro to professional recording studio. I'm not talking about having just a 001 or 002 rig in your basement or spare bedroom with a few other toys, but instead to have a semi/pro recording studio in or away from your home... I'm talking about having gear out the wazzoo with seperate/isolated recording rooms/booths. A studio with a seperate, no-makeshift control room. I'm talking about a studio that you could easily charge $40 + per hour.
I ask because a friend once told me that having your own professional studio is like having a Ferrari that you have to rent your entire life. Basically, it's cool and a lot of fun, but you have to constantly upgrade and pay for the studio. A seeming daunting, neverending task.
My question to the bigger cats out there is, is opening your own "professional" recording studio, whether it be in your basement or elsewhere a good idea? Would it be better to pound out a scratch session on your 001 rig and then rent a studio for each project? Is my friend right in that you feel like your always behind the times and your bank account never really grows? I would assume that it would be like most free enterprise... you won't see any real gain for several years. I ask because I am seriously thinking of opening a small studio, but I wanted to hear from the guys that have been there and done that. Or those of you that know someone in that position and have heard good and bad things about owning a studio.
What are some pros and cons? What should I look out for? How do you figure out how much to charge each client? Is is per hour, session, number of songs? How much time do you devote to each song? These questions are just the tip of the iceberg, so ANY input from you would be great (especially from those that have delt with owning a large studio.

Thank you,
Stormy
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