Did you know that the average person spends about 40mins just getting back & forth to their gym for their workouts. If they make this trip 6x/week, this totals about 240mins (4hrs) of time behind the wheel, that they could have spent in their home gym...if they had one. In addition to this, the average cost of a 1 person membership to a nice health/fitness club is about $65/month. This works out to be about a little less than $800/year. According to a 2009 survey from market researcher Mintel the median annual cost for a new gym member is $775. Keep in mind you also need to add cost of gas it takes to get back & forth to your gym. All together a person is going to spend roughly $1,000/year to maintain a gym membership.
I think that gyms like Lifetime Fitness, Ballys, & others do have their place, but I also believe that your money is best spent on putting together your own home gym. In the long run, it costs you less, and provides you more time (no more driving to the gym) and greater convenience. What is to be included in a home gym depends on your fitness needs and goals. I have everything but a pool and have about $3,000 in my gym (everything you see in the picture). Your biggest cost will be your bike, treadmill, and pool (if you choose to have one). Free weights, benches, balls, bands, & other strength training equipment can be bought for little next to nothing! There is no limit to home gyms and you can put them together as you go. If you would like to know more about home gyms or are interested in setting you your home gym, touch base with me.
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