I recently bought my first home, and have gotten the opportunity to start building my home gym. The pandemic made the choice of whether to invest in the home gym or the gym membership easier, though when it's all over I think both makes sense.
That is the whole set up right now. The bench is high-end quality second-hand and the rack and weights are pretty far from commercial quality.
I want to keep investing in the home gym, but my plan is to do so only when I hit some milestones. My next purchase will be after I hit a 275 pound bench press. My all-time PR is 400 pounds, but I'm not anything close to that level of strength these days, so I really have no idea what I can do. It's been a few years since I've attempted anything over 250— but I think I'll get back to 275 soon and then upgrade to another milestone.
I'm, of course, looking forward to new records in other lifts, but I feel like I'll want to be even more gradual with deadlifts, etc. as I rekindle my fitness lifestyle.