Renting out home gym?

Hope it's okay to ask this here, potentially it could be something that will boost your income if I can make this happen.

I'm nearing the completition of a website that is basically an Airbnb site for home gyms. I'm here to ask two questions of you guys so that I can decide whether to take the project any further. 

1. If you have a home gym or some equipment and space to use some weights would you consider renting it out to boost your income?
2. Would you consider renting someones home gym rather than go to a commercial gym?
«1

Replies

  • diystarter7diystarter7 Forumite
    3.8K Posts
    1,000 Posts First Anniversary Name Dropper
    Forumite
    No and no.
    Not worth the trouble to rent out, ie advertising cost, insurance and type of people coming into ones home.
    If I wanted a gym I'd build my own and or go one that catered to the public.
     ..

    Before you spend, remember the 
    MSE Money Mantras. Ask yourself, do I need it? Can I afford it? If the answer is NO to any of those questions, DON’T buy it.  (Quote from MSE  15/11/22)


    Politeness & courtesy are some of the few things in life that are free. Please remember that when posting, I may ignore permanently the unpolite, tedious, unconstructive and deliberately obtuse comments. Many thanks.
  • fromdusktilldawnfromdusktilldawn Forumite
    40 Posts
    Part of the Furniture 10 Posts
    Forumite
    Hope it's okay to ask this here, potentially it could be something that will boost your income if I can make this happen.

    I'm nearing the completition of a website that is basically an Airbnb site for home gyms. I'm here to ask two questions of you guys so that I can decide whether to take the project any further. 

    1. If you have a home gym or some equipment and space to use some weights would you consider renting it out to boost your income?
    2. Would you consider renting someones home gym rather than go to a commercial gym?
    1. Probably not, I could see complications with insurance, health and safety etc
    2. Possibly, yes if it was nicely kitted out and more convenient than other alternatives with appropriate safety considerations etc
  • mr_stripeymr_stripey Forumite
    393 Posts
    Ninth Anniversary 100 Posts Name Dropper
    Forumite
    If I had the money to have a home gym, I probably wouldn't be fussed with the hassle of renting it out for a few quid to randoms


  • mjm3346mjm3346 Forumite
    45.9K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    no and no.
  • Mr.GenerousMr.Generous Forumite
    2.9K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    no and no.
  • CKhalvashiCKhalvashi Forumite
    11.5K Posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    Definitely no to both.

    Apart from aspects above, I don't want to have to keep the house immaculate, can't guarantee not being 'closed' for holidays etc and don't really like people in my home, that was even if we had space for a gym.
    💙💛 💔

    I can spell, my iPad can't.
  • Grumpy_chapGrumpy_chap Forumite
    11.7K Posts
    10,000 Posts Eighth Anniversary Name Dropper Combo Breaker
    Forumite
    Does the use of someone else's home gym include access to showers?  Changing space?
  • DullGreyGuyDullGreyGuy Forumite
    2.7K Posts
    1,000 Posts Name Dropper
    Forumite
    Renting out your home gym is going to be a nightmare for planning permission, home insurance, mortgage etc, in a very similar way to AirB&B can be... many will sign up without knowing the rules and some will get unstuck. Came across a £350,000 house fire claim decline due to the fact they'd be using the property for AirB&B which wasnt declared on their home insurance.

    If the site it about finished then you are really too late to be doing your market research. I'd hope you've had proper legal advice and put all the proper advice on your website to try and limit your liability... the forementioned policyholders were intending to sue AirB&B. 
  • edited 7 November 2022 at 10:40AM
    cymruchriscymruchris Forumite
    3.8K Posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite
    edited 7 November 2022 at 10:40AM
    It's a no from me - I wouldn't want strangers in using my equipment - an airbnb flat is different - you have it decorated/suited to the market, and you generally don't live in it. Decent home gym equipment is expensive - I wouldn't want the risk of someone else damaging it. If I damage it that's up to me, but I'd be narked if someone else did (even if unintentionally). I would also see issues around mortgages and insurance as well. Oh and to add, those with substantial home gyms probably wouldn't need the extra £2.50 a session you'd be offering them to allow people into their homes and using their stuff. 
    An ex-bankrupt on a journey of recovery. Feel free to send me a DM reference credit building credit cards from the usual suspects :) Happy to help others going through what I've been through!
  • mr_stripeymr_stripey Forumite
    393 Posts
    Ninth Anniversary 100 Posts Name Dropper
    Forumite
    Also, from the renter's perspective - gym memberships round here go for around £30/month of £5 pay as you go.

    So to go for the "airbnb" gym option, I suppose it would have to be a lot less, given that a home gym is unlikely to offer the full services of a proper gym (pool, sauna, showers etc). So that means it's not going to be very lucrative for the home gym owner.

    I just can't see it being an attractive option for either party.

Sign In or Register to comment.
Latest MSE News and Guides

Boost your Nectar points

Get up to £25 this Saturday

MSE News

Preparing for summer

What MoneySaving things can you do now to get ready?

MSE Forum

Hot Diamonds 40% off code

Including already-reduced outlet stock

MSE Deals