As a property investor, have you ever considered the value of a Gym Kit when staging a property? No? Well, you should, and in this article, we will explain why and how this can help. It is crucial to consider the right approach, so we enlist the help of Mirafit, a specialist gym equipment supplier, for comment.

We have some insights to help you choose the right gym equipment. This article will ensure that your gym space is not only well-staged but also functional and appealing to potential buyers to offer the greatest impact for sale.

Considerations and takeaways

• The best way to stage a gym space.

• Primary considerations for setting up.

• Value it can add to your investment.

• Possible locations for a home gym.

Why should you consider a Gym for your property?

It’s a good idea to consider a gym for your property because it shows prospective buyers a really good use of space. However, more than that, having a gym in your property can increase your value by a whopping 44%. This is a huge number and represents a significant uplift in potential profit for property sales.

In a competitive market, any increase in the opportunity to convert to a sale means less time in the process and quicker access to your funds for your next project.

According to propertypressonline.co.uk, market trends: Houses within the UK that have a home gym have sold for 44% more than their non-gym counterparts. Receiving almost 50 per cent more for a home could make a massive difference in today’s market. In addition, it could allow you to receive a greater return on investment for your property.

Possible locations and things to consider

Choosing the right location for your gym is essential when making a decision that could impact sales. You need to ensure that you are using something other than an important room that could be detrimental to your sale or put potential buyers off.  Popular locations for home gyms, including:

• A spare room

• A conservatory

• Garage or shed

What equipment should you include?

Typically, a home gym is a small space, so you should consider items that optimise space when making a decision. The equipment to include should arguably be items that have a small footprint and potentially offer some sort of storage.

Popular equipment might include:

• Weight Bench
• Barbell
• Weight Plates
• Half Rack
• Dumbbells and Rack
• Kettlebells
• Battle Rope
• Exercise Bike

What are the main considerations for set-up?

The main consideration for setup will be flooring; now, this should be rubber matting. The reason for this is that something like laminate is very permanent and can be difficult to lay or finish. Rubber tiles for home gyms can serve the purpose of making the area look super professional while being easily removable. Once you’ve sold the property. In fact, as long as it’s stable, you don’t need to lock the flooring down. This can just be laid free and locked into place by itself rather than using clips. This means that you can reuse the floor on the next property; is, therefore, best to pick a flooring type that is held in stock by your supplier and one that can be bought again easily. The best thing to do for this type of situation is to pick blank or plain tiles because that means that you can match them again in future, whereas a speckle or something a bit more bespoke will become redundant or no longer be stocked and you’ll be left with a bunch of tiles that don’t quite match or fit.

What value can it add to your property?

As mentioned above, adding a home gym can increase your asking price by 44%, which in a typical household means an increase of around £100,000, whereas a gym itself could cost as little as £3,000 to £8,000 from companies like Mirafit, who provide home gym equipment. With property, the opportunity to increase your margins is a significant and important factor when you may typically make between 10 and 20% on a property. If you can increase the property value by an amount of thousands, then you are increasing your profit margin along the way.

A rough estimate would be anywhere between five to 15 per cent.” The Post Office agreed that the installation of a home gym could be hugely beneficial, stating: “Splashing out £10,000 on a home gym can add as much as 44 per cent on to the value of a property.” –

Source: https://www.gbnews.com/lifestyle/property/house-prices-how-to-increase-property-value-garage-home-gym

Final thoughts.

If you haven’t yet considered adding a home gym to your property to maximise your profit, now is the time. This article aims to provide compelling evidence to support that a modest investment of, say, £5000 into a gym setup, which can be reused property after property, could potentially increase your profit margin by 40%.

Staging, as we’ve explained, is a brilliant way of doing it because it adds value, and then the equipment can be taken away and moved onto the next property or sold, which means that the investment is a one-off and can be reused time after time, adding additional value to the property time and time again. And if we were to look at this as an investment, by the time you are four or five properties in, you’ve paid for your gym equipment tenfold. The important thing is that you’ve also not had to keep investing anything more than your time to put the gym equipment up and lay some semi-permanent flooring in the form of a gym tile. Try to avoid cutting the gym tile as much as you can because then you can reuse it without wasting it. However, as explained above, if you choose a basic black tile, you’ll likely be able to match it with another supplier. If your current supplier no longer chooses to sell the product.

In conclusion, staging a gym in your property is a beneficial investment. It not only showcases the potential use of awkward spaces, such as conservatories and garages but also provides additional living space for workouts and downtime. This is clear, and we’ve found that staging a gym kit in your property is a great way to add value and appeal to potential buyers.