First, it depends on the kind of band you are. Example: there's a local band, Easybake, who recorded their first CD in a club, live; they're working on their second, and learning that too much is bad for their style... they're a bluesy, boozy, Southern punk band who would suffer from too much quality, if you follow. They have a setup in the loft one of them lives in, the best stuff they can afford, and they're just going for it!
Secondly, it depends on the knowledge you can access. The drummer in Easybake is a sound engineer at local clubs; the bassist/singer in my band, Kavish, has been recording for years, is a huge Beatles/ELO fan, and is obsessive (in a good way!) about learning techniques, and putting them into practice. Having recorded with other bands, it makes a huuuuge difference, believe me.
Thirdly, it depends on the equipment you can access. If you're an Easybake type band, you can get by (even maybe benefit!) from less high-end gear, because it will give you the sound you're going for; for a Kavish type band, you need higher-end mics, preamps, mixers, and consoles, to get the best signal you possibly can.
So, to DIY or not to DIY isn't really the question: it's, CAN you DIY and get what you want? If you can, you should: it'll be much cheaper in the long run, and with the level of gear available now, the quality will be as good as what you can get at a 'local' level studio.
Good luck, and get that demo where we can all hear it!
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KAVISH
Subterranean Spider Studios
If thine enemy wrong thee, buy each of his children a drum - Chinese Proverb







