Condo Recording Studio

When some people thing of a studio apartment, they think of a small residential unit that saves space by allowing for a living room and bedroom all in one like a hotel room. There’s another kind of studio: A music studio where a live performance is recorded for the purpose of later being turned into a product for mass distribution as a consumer product of artistic enjoyment. What if the desired studio location is a residential condominium unit with neighbors and a home owners association?

There are pros and cons of turning your condo into a music studio. For musicians, a personal music studio at home in a apartment or condo is something that can make a lot of sense, and dollars too. It can be quite a task to haul a bunch of equipment to an expensive studio and try to work some instant magic, only to pack up all of the stuff and come all the way back home. To avoid such a tedious hassle, turn the condo apartment into a music studio if the budget, skill and will are there.

Transforming a condominium, like a loft condo, into an audio studio makes more sense since they are generally closer to the top business and cultural hub of the city. A professional musician thus gets to meet a lot of new people and home spaces closer to good restaurants and commercial centers. That comes in handy when a recording professional appointment with someone.

Let’s take a close look at the pros and cons of turning a condo into a music studio while highlighting the conflicts that may come up.

As for the pros of starting a home music studio, it can be convenient and cost effective. The convenience of a home music studio setup makes a big difference. It brings comfort of strumming instruments, eliminating worry about the number of takes, time and money. It ends up saving that money, so it can be used for high quality recording equipment so that one can churn out professional stuff from the home jam pad. Also use the place as an alternative source of income by renting out to others.

Develop more creativity and control over the work. Be the master of what is created at your the home sound studio place with the convenience and familiarity of one’s own setup. Many artists feel a sense of achievement of giving their best when they record at their own studio. It becomes a comfy abode of creativity where artists and recording engineers can spend time with an open mind, and easily make plenty of artistic content.

One’s own place gives the feeling of control of one’s work flow as it allows easier tracking of all of the equipped facilities and provides freedom for development. This allow for easier recording of tracks and mixing them any which way, without outside interference, bringing more freedom and versatility into the mix.

There are also cons and conflicts in turning a condo into a music studio. For one, consider the legal issues. Before getting up one’s hopes of owning and running a home music studio, let’s undergo some reality checks. One of the major issues is whether or not a residential condo building association or apartment residents group allows it. Go through the lease documents that were signed during the successful purchase of the condo. Check to see if there’s a clause and restriction attached to it when it comes to further renovation inside the rooms and property area. If these terms aren’t clearly mentioned then, sit and discuss with the HOA board or other residential authorities about the do’s and don’ts, and work out a deal to convince them that the condo music studio will be done in a way that works for everyone. With permission, be prepared to do the hard yards of filing the paperwork, legal documentation and permit arrangements. Rule #1 is: DO NOT GENERATE MORE NOISE INTO YOUR NEIGHBOR’S UNIT THAN THEY WILL TOLERATE. Be as quiet as the neighbors require. For extremely loud live music, a condo may simply not be appropriate.

Consider the construction. This will cover locating the area of the condo unit; cleaning it thoroughly and starting the reconstruction work on it so that the musical haven can be built. Clear out anything that might cause disturbance, and start from scratch. Procuring all of the stuff necessary for constructing a studio can be quite a task, so be prepared for some work. Overestimate a budget to cancel out last-minute expensive details. And now to the most important part….

How about soundproofing? Gone are the days when people used egg trays, styrofoam, blankets and mattresses to cancel out sound both to and from the music room. There’s no cheap way now that will cut the sound and the neighbor’s while making amazing music. The key to this will be to make an airtight space, and that won’t be inexpensive.

To balance the sound frequencies, get acoustic panels, bass traps and diffusers, which may include hardboard sheets, mineral wool slabs and dust sheets. One way of soundproofing is to create a smaller airtight room or sound booth inside the six walls of the loft or condo unit. But be sure to provide an air vent for natural air ventilation so that it doesn’t get claustrophobic inside. Once this has been accomplished, go into designing the studio — budget permitting of course.

Audio and music gear must be managed. This is one of the biggest reasons why artists choose to practice at a paid professional studio. It is less of a worry when something goes wrong in a rented place, like a software problem or a hard-drive failure or electricity issues. Therefore, it’s necessary to always have a safe backup of all produced music. At the home recording space, the owner will need to ensure safekeeping of all the musical instruments, the wires, the cables, microphones, stands, ports and the sound system. For those who are particular about these things, this can become a headache unless the recording studio owner is gifted at such tasks.

Weigh all of the options financially before deciding to turn an apartment or condo into a music home. This is a dream project so don’t hurry and stumble on the way. Wait a little longer to get all the right stuff and make some magic.

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Home Prices During Stagflation

REAL ESTATE NEWS (Los Angeles, CA) — Stagflation indicates both upward and downward pressure on residential real estate property prices, but with inflationary pressures getting the upper hand. While increasing interest rates may cause some home prices to fall due to reduced demand, runaway inflation has already gained a foothold, creating its own reinforcing psychology among the home buyers, sellers, builders, landlords, renters and investors. In addition, governments are adversely affected by economic crashes caused by rising interest rates in several ways: Not only does a falling economy cause the government to lose revenue, and thus to become unable to pay its own debts and obligations, but financially suffering voters tend to expel administrations, causing political losses, high turnover and government volatility. The politicians will continue to lean towards inflation, continuing to call it “temporary,” someone else’s fault, or some may even continue to falsely call inflation “good.” Because inflation involves larger amounts of money, some will continue to try to refer to it as some kind of “wealth”. It’s not. The true nature of price inflation is a destruction of the value of the currency. Inflation makes us about as wealthy as the holders of monopoly money.

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The median home price in Orange County, California just topped $1 million for the first time. The area now has 45 out of its 83 zip codes averaging seven figures for the average home value. This milestone represents the 15th record high in a two-year, pandemic-era home-buying binge. Statewide, the median price of a home hit another record high of more than $849,000 in March, driven primarily by a surge in the sale of higher-priced homes, according to Realtors Association’s data.

The highest of high home prices are found in the San Francisco Bay Area, where median price in March was $2.28 million in San Mateo County, $2.06 million in San Francisco County, $1.95 million in Santa Clara County and $1.737 million in Marin County. Orange County prices rose 3.5% from February to March, and 22% in a year. Some see a bit of good news for buyers: the high prices have cooled the spending spree. March sales are down 19% from a year ago, according to ABC News.

Mortgage rates are now rising. Will this slow an out-of-control housing market? For the last ten years, extremely low mortgage rates encouraged home buyers to bid up the cost of housing. This has been especially true during the last several years, during the virus hysteria, when rates fell to unheard-of levels, and home prices exploded across Southern California and much of the United States.

Things are changing. Mortgage interest rates are rising at the fastest pace in many years, hitting 5% last week for the first time since 2011, according to Freddie Mac. Just six weeks ago, the average rate for a 30-year fixed mortgage was under 4%. In November, it was below 3%. The rapid rise, on top of soaring prices, has made homeownership suddenly more expensive. The question then becomes: If the average home buyer can afford less, are home prices going to drop?

Several top real estate experts, when asked this question, said that they don’t foresee a substantial price decline unless we encounter a recession. Real estate experts, however, are usually not economists. They are salespeople, often biased towards data that increases the number of transactions. The number of transactions in Downtown Los Angeles has been on the low side for several years. While safer suburban neighborhoods boomed during the virus hysteria, inner city suburban real estate stagnated or fell. The lowest priced lofts at Little Tokyo Lofts in Downtown L.A., for example, declined in price as the average home buyer grew more averse to perceived sketchy adjacent neighborhoods like Skid Row. For Downtown LA, prices began to rebound in September of 2021. Today, home prices in DTLA are surging due to extreme inflationary pressure from a dollar that is losing its value internationally, at home and abroad.

In response to rising interest rates, real estate prices are likely going to continue to climb, but in smaller increments than Southern California’s recent 17% annual home price growth rate.

Economists and other experts pointed to several factors that should largely uphold home values: a shortage of everything, including a low supply of homes for sale; rising incomes due to inflation; falling unemployment as virus hysteria wanes; and a tendency for what some nonsensical opinions have called “homeowner greed,” while what we are really seeing is more appropriately termed “FOMO” Fear Of Missing Out, along with a very real threat and rational fear of runaway inflation. Because home prices and rents react strongly to a falling dollar, real estate provides very strong protection from severe inflation.

In the past, steep increases in mortgage rates have slowed home price spurts. Rising rates will have this effect this time, but the severity of overspending, historic radical Fed policy, delay in initiating rate increases, overall accommodating Fed, bureaucratic deep state that is petrified of stock market crashes; and the atom bomb of dollar destroyers: blockchain cryptocurrencies. Bitcoin, ethereum and other cryptos shall prove to be the unexpected nails in the coffin for the U.S. dollar. Good money chases out bad. Newer, better money destroys old, abused money. The U.S. Dollar is toast, meaning that we’re most likely to eventually experience Weimar Republic / Zimbabwe style of absolute monetary devastation. In other words, a loaf of bread could end up costing not just $10 or $20, but $1,000 or $1 million or more! That is the end result of bureaucratic abuse and overprinting, along with total crushing by newer, better emerging monetary technologies that are independent and immune to government abuse.

Buyers can afford less. This shows up as industry professionals reporting fewer visitors at open houses, fewer multiple offers per home and fewer mortgage applications. Real estate professionals have been reporting cooling.

Most home buyers now agree that interest rates have an effect, a very significant effect. They decrease the number of home buyers, and decrease the amount of home that the average person can buy. While this can certainly slow down inflation, it cannot necessarily stop runaway inflation that has already had too much of a head start, particularly inflation that has other major causes in addition to interest rates that were too low for too long. Turmoil is in the cards. Rising prices, along with crashy sideways spurting markets. The Fed and government fits and stops, panics and printing, waves of back and forth economic uncertainty lie ahead. Welcome to the reality, the impending full bore brunt of stagflation. The good news is that, along with gold, quality stocks, commodities, collectibles and cryptocurrencies, real estate is among the best protections from inflation and economic stagnation.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.