We all know it’s so much easier to stay healthy when you’re really enjoying yourself so what could be more satisfying than coming home to your own purpose built garden gym right there at your fingertips. But will you get a reasonable return on investment? Lets look at the facts. To start with a good quality a bespoke gymnasium built in your garden can set you back anything from £19000 just for the building, then you’ve to kit it out with equipment. That’s an awful lot of money to get back. Running costs once installed are minimal, even with air conditioning installed you would expect to pay no more than £8 a month for the power and that’s if you used it 8 hours a day 7 days a week. Providing you source your gym from a reputable company the annual maintenance would be negligible, so once you have made the capital investment there’s little else to worry about.
So what are the benefits of owning your own gym?
The first thing that springs to mind is the convenience. No more time consuming commutes to and from a packed gym with people full of cold and viruses. How convenient, you will be travelling home to your very own garden gym at the bottom of your garden. How many times have you rushed home from work on busy public transport or by car on clogged roads, dashed into the house, grabbed your kit bag and straight down to the gym? It’s now after 7pm and you’ve only just started your workout not to mention a bite to eat. We’ve all done it, I’ve got the tea shirt, after all we want to get the most out the expensive monthly subscription. Gym membership can be anything from £15 up to over £250 a month depending on the location and exclusivity. Fitness at your fingertips, in your own gym is starting to sound an attractive proposition if not just a little expensive I hear you say.
There is another ‘for instance’ that many people overlook when evaluating the return on investment of a garden gym and that is your time. How much value do you place on your time? If you wasn’t travelling to and from the nearest gym could you use the extra time? It’s a difficult one this but think for a minute what you could do with an extra couple of hours a day. Spending extra time with your family, socialising or maybe taking part in your favourite hobby or pastime.
When you combine the savings in petrol driving to and from the gym, cost of public transport with the time saving convenience of having a gym on your doorstep and it’s easy to see why an increasing number of people are pursuing the garden gym option.
Is there a way I could offset the capital cost or monthly finance?
The short answer is yes. There are reports of home owners having contracting a company to build their gym going on to rent it out to PT instructors and professionals needing space to run pilates or yoga classes easily covering the monthly finance costs making it a worth while investment. I have even heard of some gym owners renting it out through Vrumi which is similar to AirBNB. Apparently they are in demand and command a price of between £90 – £150 a day. Not bad return for not very much work.
Will a garden gym increase the value of my property?
An often asked question but one which is very important because like it will depend on the on a few factors such as the quality of build, is it sympathetically sited within landscaped gardens, can it be converted for other uses to create extra space should you wish to sell your property?
The rule of thumb is that a well appointed gym in your garden will add 10% – 15% to the value of your property easily covering your initial investment. To summarise, when taking all aspects into consideration, time, convenience, cost, increase in property value then a garden gym can make a sound investment.