Can I finance a home gym
This is an overview of example designs and ideas for building your own home gym. Each one is unique and special. This article was originally posted under "the ultimate guide to building a home gym".
Example designs
Attached you will find two example designs which you can use as a blueprint. I have also done many variations on those. Start with the floor space you have available and design your gym into it, as the available space most likely will not change. The few exceptions are new builds in the garden. Here I would also start with the available shed / room options and work from there.
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Can I finance a home gym
So far I have not seen many vendors which also offer a loan program or payments in installments as most furniture companies do. You can still go online and get a small loan which you normally would get for a car from your bank.
If you are getting a loan, be careful with the interest rates. Especially small loans up to 10000 tend to have unfavorable conditions. Your home gym will probably lie between 1000 to 5000 without the structure. You can get there by saving for a year and not doing that trip to Europe or the US.
How much does home gym cost
A home gym has many components and only the sky is the limit. The starting point can be as little as 500. If you are really lucky you might even get your home gym for free from someone you know who just wants to get rid of it.
The equipment will put you back somewhere between 1000 to 5000 depending on how much and which quality you buy. A good barbell will put you back somewhere between 200 to 500. A rack will cost you somewhere between 500 to 3000. Some might even go up to 7000. The plates for training will also be around 500 to 1000 depending on how many you get and in which quality.
Treadmills are a different matter. Having run three marathons I would recommend saving 1000 to 3000 you spend on these machines and get yourself a pair of runners unless you live in an urban area.
If you are building the structure only the sky is the limit. Garden sheds usually start around 1000 and go up to 5000 for the nicer ones. If you get a professional custom job they usually start around 10000 and go from there as you also pay for the labor. Of course, there are always exceptions, sales, etc, but this is what my research came to so far.
The last point might be insurance. If you are not insured against theft yet you might want to consider one when you place that much equipment into your home.
