Buy home recording software for a home computer. One of the easiest ways to cut the costs of the home recording studio is to use computer software to minimize expenses. The software contains most of the recording needs, such as editing options. Since the software is less expensive than traditional recording methods, the price of the studio is lowered. Software is available at music stores, online stores or even stores that sell electronic devices such as computers, cameras, microphones and TVs.
Obtain second-hand equipment. Buying the equipment used can reduce the costs of setting up a studio while also providing high-quality equipment. The costs often end up close to the wholesale costs. Used studio equipment is available online through auctioning websites. Some local music stores might also have used recording software available.
Look for sales on older equipment in stores. Stores that sell recording studio equipment, such as music stores or electronics stores, often lower the cost of older equipment when the newest equipment arrives, according to Sound Recording Advice. This can bring the costs close to wholesale prices without compromising on quality or risking damage from previous owners.
Spend about 20 percent of the cost of the recording studio on the microphone. While compromises in price won't make huge differences in the software or studio equipment, the microphone is one of the most important components of the studio. Sound Recording Advice suggests that at least 20 percent of the cost of the studio should go to the microphone.