CoContest is a new site that lets architects compete over your home remodel. The site lets those in need of renovations or remodeling post their projects. Once the projects are posted, users can skim through them until they find the one they want. CoContest is intended to let people get work done by firms from across the globe, not just across the street.
Users begin by posting the details of the job they want done, including the type of job (whole house, bar, room, etc...), square footage, budget and deadline. Firms then submit proposals which the user then picks from. The winning design is archived on the site for all to see, something which should help smaller firms get more recognition. You can check out a more detailed explanation of how CoContest works in the video, here.
Crowdsourced Home Redesign Sites
CoContest Lets Architects Compete Online for Your Project
Trend Themes
1. Crowdsourced Home Redesign - As more people turn to crowdsourcing for home design, there are opportunities for disruptive innovation in the architecture and interior design industries that cater to this growing trend.
2. Architectural Competition Sites - CoContest's business model of letting architects compete online could be replicated by other home redesign websites and could potentially disrupt the traditional way of finding and hiring an architect.
3. Global Design Firms - The idea of hiring a firm from across the globe rather than just across the street opens up opportunities for innovative online marketplaces connecting clients to architectural firms that match their needs and budget from all over the world.
Industry Implications
1. Architecture - Crowdsourced home redesign is a growing trend in the architecture industry and presents the opportunity for firms to adapt to this new model of doing business.
2. Interior Design - The trend of crowdsourcing home remodels could disrupt the traditional way interior design is done and presents an opportunity for designers to create innovative ways to offer their services online.
3. Online Marketplaces - The success of CoContest's business model shows that there is a growing market for online marketplaces that connect clients to architectural firms, potentially disrupting the traditional way of hiring an architect.