Renting out home gym? 6 November 2022 at 8:17PM in Boost your income 17 replies 554 views

MartialArtMan

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?

diystarter7

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.

fromdusktilldawn

MartialArtMan said:

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_stripey

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

mjm3346

no and no.

Mr.Generous

no and no.

CKhalvashi

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.

Grumpy_chap

Does the use of someone else's home gym include access to showers?  Changing space?

DullGreyGuy

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. 

cymruchris

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. 

mr_stripey

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.