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We had a home based (actually basement-based) studio for last 6 or 8 years, and it is time to move to another location. Before taking out everything I've recorded this video walkthrough for Photigy readers.
Pros and cons of having a studio in your home: our experience:
Pros
No commute time
Work at any time (great for creative people -- wakeup at night and finish a shot:-)
Home-grade amenities at work
Works pretty well for tabletop and jewelry photography
Cons
Small space for large stuff:
Doers not work well for big clients (we rented a larger studio when needed)
Not easy for throwing larger things in the air
Limited room for modifications 9unless you are not going to sell your house in next 20 years:-)
As you see, the only issue with a home-based studio is only a size. Relatively low celling (hard to hang something), and hard to shoot jumping people in it.
Works really well for the most of commercial product photography applications.
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