It’s the New Year, Hurrah! Implementing a gym at home could make or break your New Year’s resolutions, as many aim to get fitter and healthier. Working out at home is a far more convenient and effective way to work towards goals, but it also adds an aspect of attractiveness towards potential buyers.
In this news post, we will be delving into how a home gym can be a valuable addition to any home, offering a convenient and cost-effective way to stay fit and healthy. As well as providing a space for regular exercise, a home gym could also increase the value of your property, making it a worthwhile investment for homeowners and landlords alike.
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Over the past three years, there has been a considerable shift in how we release stress in our everyday lives. Before Covid, many would flock to the gym, go out to the pub or go on an adrenaline junkie-fuelled weekend. Now however, it is much more natural to release some tension at home following a free YouTube yoga tutorial.
The main benefit to having a gym at home is the convenience — having a gym means you do not need to travel to a gym or fitness centre, ultimately saving you time and money. This is especially appealing to anyone with a busy schedule or who lives in areas where gyms are currently at peak capacity and are awful to visit. Some other benefits to having a home gym is:
- Having a gym at home could increase the value of your property: Some potential buyers will find home gyms an attractive property feature as it will save them the cost of a gym membership, provide a healthy environment to be productive and act as a space for regular exercise.
- Competitive advantage: A home gym can give a property a competitive advantage in the market as it is a unique and appealing feature that sets it apart from other properties.
- Current market trends: Houses within the UK that have a home gym have sold for 44% more than their no-gym counterparts. Receiving almost 50 per cent more for a home could make a massive difference in today’s market as house prices begin to slow and could drop later this year. It could allow you to receive a greater return on investment for your property.
If you wish to add a home gym to your property, we recommend converting any secondary living spaces like basements, garages or living rooms before looking at your bedrooms. If you convert your bedroom, you may dramatically decrease the value of your home.
If your living space is on the top floor of your property, in a shed or a separate area, you could implement a yoga or pilates studio, sauna or steam room instead. A gym on your property’s top floor could be dangerous, especially if you need the proper rubber tiling.
But, it could be smoother sailing on the possible return on the investment side of things as most gym equipment can be quite an expensive upfront cost. You could expect to pay £9,725 for a complete home gym for the equipment and flooring alone. With some gym equipment like rowing machines, treadmills and exercise bikes costing upwards of £1000, it could be an expensive mistake if you cannot sell your property.
In this case, it’s essential that you implement a home gym for your property because you are actively looking to create a change in your lifestyle.
Overall, a home gym is a valuable and welcome addition to any home, offering a convenient and cost-effective way to stay fit and healthy. It may also increase the value of your home, creating a worthwhile investment for homeowners.
That’s all, folks! If you have any questions about the home gyms and house valuations for next year, please get in touch with us!
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