It's easy to forget that as well as the artists who make their music, plenty of work goes on behind the scenes in order to create the music that we love. Whether it's sound technicians, producers or mixers, a good music studio is a vital cog in the wheel when it comes to creating a high-quality sound. Those who are serious about their music will already be well aware of the benefits of hiring a professional recording space. But how much do they cost to open and run? What are the main costs? And ultimately, is it worth having your own music studio in the long run?

Building Costs Are Relative

As the old adage goes, you get what you pay for. Traditionally, studio operators could pay anything between $10,000 and $30,000 for a state-of-the-art recording studio with high quality sound capture equipment. Electronic music producer Brian Knave recently quoted a figure of around $30,000 as a minimum requirement when it comes to setting up a non-computerized recording studio. The advancement of technology has also had a big effect on the way that music has recorded - advanced computer technology and recording equipment has meant that some producers are choosing to record from home at a fraction of the price.

Other Things You Need To Consider

Once a studio is up and running, it's easy to make the mistake of putting your feet up. However, there are many hidden costs associated with the running and upkeep of a proper recording studio. Depending on where you're building your studio, there's a good chance you'll need to apply for a building permit, and in locations such as New York, this can be a pricey affair. In addition to this, you'll need to consider protecting both yourself and your investment by setting up the appropriate insurance. Fortunately, it's fairly easy to find cheap professional liability insurance online that protects small businesses against property damage. Moreover, some general policies also cover advertising, legal fees and most importantly, copyright infringement - all of which can be important in the music industry.

A Concrete Plan Is Essential

On top of everything, anyone thinking of running their own recording studio has other expected costs, such as monthly bills and taxes, which can also eat into your budget significantly. Keep in mind the amount of electricity used within a recording studio is quite substantial, and it's important to remember that you need a concrete plan in order to make sure you can properly afford the upkeep of the building. Fortunately, there are a number of useful sites which give good advice regarding the formulation of a proper business plan.

The Future

The recent spike in popularity of DJ's and other similar music has meant that there are now more recording programs than ever before for your laptop or mobile device. While many artists still prefer their own space in which to record their music, those on a smaller budget can still achieve good results by purchasing and downloading high-quality music software. However, for the traditionalists out there, you can't beat a good recording studio, and if you have the money, there are few better things to invest it in.