A viable green business model: Building renovation consultancy for a district

I was just working on an initial business plan for a consultancy business for Architects to support and manage renovation planning and execution. The consultancy service is targeted towards local districts and assumes that the service providers are able to build a strong network with the local property owners in this district. I envisioned a number of services that could be provided that follow the 4M process we designed during our P2Endure project:

  • providing a service for an initial evaluation for the feasibility of a renovation (Mapping)
  • supporting the detailed planning of the renovation with energy simulation, engineering the renovation, and managing the supply chain for executing the renovation work (Modeling and Making)
  • setting up continuous monitoring to be able to assess renovation possibilities on a continuous basis throughout the life-cycle of a building (Monitoring)

I conducted an initial financial assessment for a district of roughly 100 privately owned properties and roughly 20% of owners who are interested in upgrading the properties. The assessment resulted in a sound business for an office with two partners. Such businesses could significantly improved the renovation rate of the building stock in Europe and, in turn, make a large contribution to the reduction of CO2. All in all a true green deal business deal. We will discuss this business mode now internally within the P2Endure project, but once the model is formally published I will provide an update. Stay tuned!

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