With the advent of digital music, recording studios are sometimes thought of as being industry dinosaurs. The entry level for setting up your own recording studio has become far less expensive than it was just a decade ago.

So, how much does a home recording studio cost? It can be anywhere from £500 to £100,000, depending on how technologically sound your studio currently is. You can use a new laptop with a few microphones as your recording studio, or you can go all out and buy soundboards and synthesizers.

The first step towards building your own home music studio is examining the room and deciding what can be done with this. If you are setting up the recording studio in your room or in your basement, it is important to remember this room must be acoustically sound. Some rooms are not set up to bring out people’s vocals. This all makes a huge difference on the record. It is suggested that everyone go out and get acoustic foam and stick it on the walls to provide proper acoustics. Acoustic foam can cost anywhere between £50 and £200 for a crate and depending on the size of the room, you may need about seven crates.

Technological equipment is what most people worry about when they ask “how much does a music studio cost?” When it comes to buying technological equipment, you will need computers, music recording and processing software, a soundboard, an interface, and a good microphone system set up with a stand or microphone cable. The microphone technology alone will cost around £500 for just a decent one. The digital software you need to edit music on the computer might also cost anywhere from £100-£1000. Optionally, you can get a keyboard to help produce beats and melodies, which can cost from £100-£500.

There are other additional costs to consider. Will you be giving the room a makeover before moving equipment in there? If this is your own personal studio, this may not be necessary, but if you will be renting out your studio, re-designing it can help bring in clientele, who will be looking to check if the studio looks professional or not.

You can also keep instruments handy for yourself or your clients to use. You may skip out on this particular section but sometimes, musicians will forget their instruments and have to borrow them from the studio. There are also times when artists may want to tinker around with an instrument during the recording process.

No matter how much a music studio costs, it is easy to make a profit off of the studio. As long as you have the right technology to make artists sound better, artists will keep coming around.