Yikes!
I just did an inventory of the gear I currently have on hand, including instruments, to make sure I have adequate insurance coverage. I only have a little project studio but I came up with a total of $40,490. Yikes!
I did the same exact thing--got an itemized spread sheet in spreadsheet format. Mine is real similar, just over $45,000, but I've got live gear in there too. A lot of stuff does double duty (mics & cables, etc) but I've got mains, subs, snakes, and a couple dedicated racks that's on my inventory for insurance purposes, but never sees the inside of my studio.
including instruments, about $400. i cant stop buying classroom instruments. thats where most of my budget goes, i've got an idea!
Instruments and related gear jack up the value of my gear quite a bit, especially as some of my instruments and amps are now worth considerably more than what I paid for them. I suppose we could also distinguish between what one paid for the stuff and what it might be worth now. Some gear, like digital electronics, will have declined in value. Other gear like vintage instruments and some analog recording gear (microphones and certain preamps come to mind) may have increased in value.
Money I actually spent? Or the value of what I have?
Most of my stuff was gifted to me.
My investment: a new set of strings for my yamaha acoustic. $4.00
That's a good point. I have some intruments that have appreciated in value but I used the amount I paid for each item, rather than current worth. If I buy a guitar for $2500 and it's now worth $3000, my money investment wasn't $3000, and the poll question is how much have you invested, not how much is it worth.
As far as worth, my studio is worth less than the amount I've invested because I don't have an even split between instruments and gear. I doubt the appreciation value of my instruments comes close to the depreciation value of my gear, especially the gear I bought new.
OK, if we just go with what I paid for my instruments and related gear, it would pull the value down by about $22,000. I have a lot of analog gear and older mics so I'm going to assume appreciation and depreciation on recording equipment is a wash. So I'm in for around $93K, not counting computer, cables, racks and software.
Hey, I'm 55. I've had a bit longer time to accumulate all this stuff than many of you.
What do you mean by classroom instruments?
What do you mean by classroom instruments?
A lot more than my wife would ever understand. Business or not.How much money do you have invested in your studio?
Hey, I'm 55. I've had a bit longer time to accumulate all this stuff than many of you.