The Qualified Remodeler Top 500 list recognizes the best of the best in the home improvement industry. It is unique because it combines companies from all areas of the industry including full-service contractors, kitchen & bath specialists, design-build remodelers, general home improvement, and insurance restoration contractors nationwide!
For the ninth year in a row, Advance Design Studio has been named to the national Qualified Remodeling Top 500 list, at number 292 overall and 41st in the design-build category. Our dedicated, local team is proud to continue to be named among some of the larger firms in the country, especially after enduring many industry-wide challenges that continue to linger.
QR Design-Build Takeaways
Qualified Remodeler also reports that many remodelers nationwide with an all-encompassing process, like Design/Build, have finally caught up with the backlog of thousands of homeowners who pulled the trigger on remodels back in 2020, 2021, and 2022. At the time of this remodeling boom, it was unclear whether demand would continue into 2024. Many design-build firms, and other industry experts, were hit with an unsustainable demand during those years.
Many of the challenges that arose during the COVID era have not subsided, and companies across the country are still experiencing a lack of skilled labor, price fluctuations, and material delays.
“The shortage of skilled labor availability and lingering supply chain issues hit us the hardest during and post-pandemic. Specialty subcontractor teams are feeling the challenges of finding and keeping skilled workers. We have concluded that the issues we’re facing may be a new normal for our industry at least for now, and we have put in place a number of changes over the past two years to help mitigate the challenges as much as we can. We always have and will continue to strive to foresee developments and do everything we can to make our clients’ renovation experience the best it can be,” says Nick Holm, ADS Director of Operations.
LOOKING AHEAD
Despite the influx of homeowners who pushed up their remodeling plans during 2020-2023, and the potential for economic pressures like increased inflation and interest rates in 2024-2025, the market has remained strong in 2024 with a positive outlook heading into 2025.
Even after the pandemic, remodeling clients have been working at home more than ever. Communicating current information about project progress has put more and more strain on construction managers who used to be able to update clients on a weekly basis. More of their time is spent trying to give daily feedback while still scheduling crews and subs, managing deliveries, and even working on sites themselves since carpentry labor has been largely sparse compared to how they were accustomed to working in the past.
“The boom of the COVID-19 pandemic really stretched remodelers’ resources and processes. We were all forced to scale without necessarily the infrastructure or wherewithal to do so. The opportunity in today’s environment is taking what we have learned in the chaos of the last few years, refining those processes, and fine-tuning their efficiency and execution,” one QR Top 500 company says.
TOP DESIGN-BUILD JOB TYPES
According to Qualified Remodeler, three project categories are dominating the remodeling industry this year. Whole home remodels, kitchen remodels, and basement remodels are at the top of the project list for homeowners partnering with design-build firms nationwide. These large-scale projects will continue to dominate the remodeling industry, as families that refinanced when rates dropped to historic lows over the past couple of years would rather remodel than move with a higher rate. Homeowners are still spending time at home working, and the importance of having a home designed to reflect your family’s needs is still fervently prominent.
Our team has seen an uptick in all three of these projects in the past couple of years. Whole home remodels often start with a kitchen or single-room renovation that spills into adjacent rooms, especially when flooring is involved. We curated a breakdown of our most popular kitchen remodels and our top custom basements over the past couple of years to help you as you gather ideas for your own home.
There is no doubt that out of challenges, growth always occurs. As the world continues to shift, forward-thinking remodeling companies will no doubt come out on top with new ideas, new strategies, and continued successful implementation of those ideals as we forge into the future. Our team is grateful to be listed once again among the top remodelers in the nation, and we can’t wait to see what exciting projects 2025 will bring.
Is a home renovation on your current or future to-do list? Our team is ready to help. Let’s get started! Call us at 847-836-2600 or schedule a complimentary appointment with our design team.
Disclaimer: all images are owned and copyright by their respective owners and website (advancedesignstudio.com) and “https://madcitybasement.com/blog” is for news, information, product news and reviews.
Panason Electric, providing exceptional electrical services for over 40 years!
Panason Electric is a leading residential and commercial electrical company in Edmonton. For more than 40 years, they have provided dependable service and quality workmanship on projects of all sizes. Using their extensive industry experience and knowledge, their team solves your electrical challenges and delivers tailored solutions.
They collaborate closely with their clients to ensure the final results meet your needs and exceed your expectations.
Whether you require a new installation, maintenance, or complete custom electrical design for a new build, Panason Electric can help. Furthermore, they work efficiently and effectively to complete your project on time (and within budget). Throughout the process, their policy of transparent communication means you’re never left in the dark.
At Panason Electric, all workmanship is done according to best practices. The work is reliable, long-lasting, and competitively priced. Their team also shares industry knowledge so you’re better informed about your home’s electrical situation.
Disclaimer: all images are owned and copyright by their respective owners and website (blog.renovationfind.com) and “https://madcitybasement.com/blog” is for news, information, product news and reviews.
Maintaining a good humidity level for the basement is important to help keep your family healthy and your home structurally sounds all year long. Uneven humidity levels in your basement can affect the human body in ways that lead to health complications such as asthma, fatigue, hypothermia, lethargy, and dehydration. It can also cause problems that will affect the living conditions of your basement, including mould growth and condensation on windows and toilet tanks.
With that said, regulating your basement’s humidity level is critical to ensuring the health and safety of you and your home. Our experts at Harmony Basements will discuss here today the ideal basement humidity level, as well as providing useful tips to help you address, monitor, and manage moisture in your basement.
Ideal Humidity Level for a Basement
Basements are prone to humidity issues because they are below-grade underground and often lack great ventilation. Basements have increased contact with soil so water can seep into the basement from the soil from poor grading around the landscape, and from cracks that develop in the foundation over time. Many homeowners also have laundry rooms and bathrooms in the basement that contribute to higher humidity levels simply from regular use because of moisture accumulation.
Ideal basement humidity levels are between 30% to 50%. Anything below 30% can cause gaps between windows and doors and it’s the low humidity levels that can lead to these structural changes in your home, On the other hand, moisture levels above 50% can lead to bacteria growth, mildew, and mold. Excessive moisture will create an unhealthy environment that can cause serious health issues and damage walls, carpets., and other valuable belongings.
Find the Source of Basement Humidity
Basements are notoriously humid and damp, so identifying the root causes of your basement humidity is crucial to tackling the issue effectively. One common reason of an increase in humidity levels in house Canada is because of poor ventilation, which can trap moisture inside the basement. Another sign to look out for is moisture seeping into your basement through cracks in the walls or floors.
Additionally, activities such as drying clothes, showering, and cooking in the basement can contribute to elevated humidity levels. It’s essential to address these underlying factors quickly to prevent mold growth and structural damage caused by excess moisture. By finding the sources of basement humidity early, you can create a drier and healthier living environment.
Factors that Impact Basement Humidity Levels
Here are three safe and effective removal methods so you know how to get rid of spiders in basement. Humidity in the basement is a common problem that can result in many issues – everything from damaging the structural integrity of your home, to toxic mould and health concerns. Let’s look at some of the most common factors that impact basement humidity levels.
Ventilation – Improper ventilation can increase humidity in the basement. Installing an exhaust fan or adding an air conditioner can allow the free flow of air to stop humidity from occurring and be very effective in regulating airflow in the room.
Climate – If you live in a region with regular rainfall and high humidity levels, your chances of having humidity in the basement are high because the air around and inside your basement will be saturated with moisture you can’t control.
Condensation – When warm, moist air encounters cool basement surfaces like walls and floors, condensation is created. Ensure there’s no clogging and air is flowing freely to deal with condensation in your basement
Lack of Windows – Basements are usually dark, enclosed spaces that are damper than the rest of your home due to poor ventilation. Since the airflow in basements is typically airtight, a lack of windows makes it impossible for moisture to escape on its own.
How to Maintain a Good Humidity Level for Basement
One of the most effective ways to address the humidity levels in your basement is by managing moisture at its source. While a professional’s expertise is always helpful, you can start your search using the following methods.
Fix Any Leaks – Leaking pipes, water heaters, and washing machines can affect your basement’s humidity. Look for wet spots, rust or condensation to find any outstanding leaks.
Close Off Drafts – Gaps and cracks in walls, windows, and doorways can cause excess moisture to collect in your basement. Sealants like weatherstripping and caulking can help close off gaps and fix the issue.
Regular Vent and Sump Pump Maintenance – Excess moisture from your pipes can create a humid environment if your sump pits and drains are not airtight. Consider contacting a professional once every three to four months to ensure your basement’s vents and sump pump are performing optimally.
Keep Gutters Clean – Clogged gutters can pool melting snow and rainwater around your home’s foundation. Ensure your gutter spouts are positioned away from your home to draw water elsewhere.
Controlling Humidity Levels
Some humidity issues are more severe than others. However, there are several accessible tools including exhaust fans, chemical absorbents, and water leak detectors that you can use to help maintain appropriate moisture levels in your basement and home.
There are several types of dehumidifiers available such as desiccant, refrigerant, and whole-house ventilation systems. Once you find a suitable model and size, it will remove excess moisture from the area, not only addressing the humidity in your basement, but also can help you manage moisture levels in your entire home. A dehumidifier is notably handy during the summer season, to help keep the humidity levels in check when the outside air is warmer and more humid. In the summertime, the ideal basement humidity level is 50%.
During the winter, the lower temperatures outside can drop the humidity levels in your basement to below 50%. A humidifier can help with the dry air in your basement. Depending on how cold the temperatures get in your area, your basement humidity should be as low as 20%.
Control Your Basement Humidity Levels with Harmony Basements
Controlling the humidity level in your basement should be a priority to avoid the negative impacts that uncontrolled moisture levels can cause to your health and the structure of your home. We encourage regularly monitoring your basement’s humidity levels and taking proactive measures to prevent issues. If you have any questions or require assistance managing your basement, contact Harmony Basements today.
FAQ
What is a safe humidity level for a basement?
30 to 50% is generally a safe humidity level for a basement. This range prevents several health risks associated with low humidity while also reducing the risk of harmful bacterial growth.
How to keep a basement moisture free?
We recommend keeping a basement moisture free by doing the following:
– Use sump pumps to remove water from your basement. – Install exhaust fans in kitchens and bathrooms. – Mop up spills and repair leaks and quickly. – Use dehumidifiers in the summer as well as humidifiers sparingly. – Slope soil away from your foundation. – Vent dryers and other appliances outside of the house. – Avoid overwatering plants.
Disclaimer: all images are owned and copyright by their respective owners and website (harmonybasements.ca) and “https://madcitybasement.com/blog” is for news, information, product news and reviews.
Our team recently partnered with the Reeder family to redesign and build a fantastic family basement. Let’s take a look at this transformation!
REMODEL TOUR: FANTASTIC FAMILY BASEMENT
CLIENT GOALS
Like many families, the Reeder’s were in need of additional entertainment space as their kids were getting older. They wanted their basement to feel like a seamless extension of their existing living spaces. Hosting was a priority, so they wanted built-in living areas and storage.
REDESIGNED: BAR & BUILT-INS
ADS Lead Designer Anna helped the Reeder family establish a design that fit their vision and investment goals. Theirstatement wet barincludes thoughtful seating and storage – perfect for serving refreshments without having to run up and down the stairs!
The existing TV area lacked storage and purpose, but the newly installed built-ins are just what this basement needed. This entertainment hub is perfect for all ages.Movie night, game night, this family basement is ready!
One basement design detail our designers highly recommend is dressing up structural posts. One option for the Reeder’s space was a drywall column around the pole, but Anna suggested paneling to make their space feel more custom and finished.
SPOT THE TRENDS
The Reeder’s love that they now have a basement worth showing off! Relaxing and hosting has never been easier. Our favorite design trends seen in this remodel are:
A moody, darker material mix
Black and gold accessories
Lighted floating shelves
Designer’s Insight: “There is so much untapped potential to basements – game rooms, bars, entertainment spaces, theaters, or any hobby you like! Your basement is the perfect space to utilize the specific needs of your family and add value to your home,” says Anna.
Our team is thrilled for the Reeder family and are so glad they love their new family basement! If you need additional space to host family and friends but aren’t sure where to start, we would love to chat with you and help you create a one-of-a-kind basement of your own.
Disclaimer: all images are owned and copyright by their respective owners and website (advancedesignstudio.com) and “https://madcitybasement.com/blog” is for news, information, product news and reviews.
Silverline Roofing: Edmonton’s most trusted roofers!
Silverline Roofing Ltd. was established in 2012. Since then, they have provided reliable roofing solutions to homeowners and businesses in Edmonton. No project is too big or too small. Silverline Roofing is the solution to your roofing needs, from minor repairs to new roof construction.
Furthermore, Silverline Roofing personalizes its services according to your needs. For example, it works within your budget, so you can enjoy a high-quality, sturdy roof at an affordable price point. Silverline Roofing also uses its two decades of industry experience to come up with tailored solutions that address your roofing challenges.
The team at Silverline Roofing are highly experienced, organized, and efficient. As roofing experts, they deliver long-lasting workmanship. That’s why Silverline Roofing confidently provides a 5-year labour warranty and a 100% customer satisfaction guarantee.
Silverline Roofing has worked on a wide range of projects in the last twenty years. These include everything from roof replacement, inspections, repairs, maintenance, and new construction to installing and maintaining eavestroughs, soffits, fascia, and downspouts. For commercial properties, they also offer flat roofing.
If you need a new roof, don’t wait. Contact Silverline Roofing Ltd. today!
Disclaimer: all images are owned and copyright by their respective owners and website (blog.renovationfind.com) and “https://madcitybasement.com/blog” is for news, information, product news and reviews.
This may be your first time taking out a small business loan, or perhaps you’ve done it before. Regardless of your experience, you want to have a handle on the best business loan rates in Canada. As a result, you can compare the pros and cons and choose the best lender for you and your business. Below we’ve put together a list of competitive lenders. Use this to research your options. Then you can select a lender with the lowest rates and the least amount of drawbacks.
Read through this list below to compare the best small business loans (Canada) for free!
Merchant Growth is an online lender that provides loans to various small business ventures. For example, restaurants, retail, salons and spas, e-commerce, automotive and more! On top of helping a range of industries, Merchant Growth offers a variety of loan products. From merchant cash advances to fixed loans and everything in between, you can find a loan matching your business needs. This lender also offers flexible financing repayment plans as well as e-commerce financing.
Key features:
– Loan amounts up to $500,000 – Simple online application process – Quick qualifying decision and access to funds within 24 hours – Variety of loan types – No collateral required – No minimum credit score is required
Drawbacks to consider:
You need at least $10,000 in monthly sales to take out a loan with Merchant Growth. Home-based businesses do not qualify. Your business must have a physical location, including at least six months left on a lease. Furthermore, start-ups will not qualify for small business loans. Canada-based borrowers must have a business that is more than six months old.
With Loans Canada, you can compare lenders under one easy online application process. First, fill out some information about your business. Next, add in some personal information, and you can get started! When you use the Loans Canada comparison platform, you can pick the best small business loans for you. You can apply for up to $500,000 in financing with one single application.
Key features:
– Many loan types, from instalment loans to lines of credit and more! – Quick online application process completed in minutes – Up to $500,000 in financing on a single loan application – Receive quotes from multiple lenders – Canada Loans is a free service to use without incurring fees
Drawbacks to consider:
When using Loans Canada, you’ll only receive quotes from their affiliated providers. In other words, you can only choose lenders that partner with them. This company has no physical location. Therefore, you won’t receive any in-person customer service for your small business. Loans Canada does not provide online quotes. You must speak with lenders on the phone to be considered for loan offers.
OnDeck offers a wide selection of different loan options. Also, these loan options all offer different terms and repayment schedules, so you can find small business loans that suit your needs best. Traditional business loans, lines of credit and merchant cash advances are just a few of OnDeck’s products. They are one of the fastest lenders, providing access to funds in 24 hours or less. Competitive rates are based on your credit score and your business revenue.
Key features:
– Fast distribution of funds, with approval and funds access in 24 hours – Loan amounts up to $300,000 – No collateral required – Simple online application process, completed in minutes – Many loan options, with flexible and fixed repayment plans – Merchant cash advances and lines of credit
Drawbacks to consider:
OnDeck requires their businesses to bring in a minimum of $100,000 monthly. Many clients are expected to earn more. Plus, there are credit score requirements which start at 600. This credit score stands even if your business earns significant revenue. OnDeck does not offer small business loans to start-ups. To apply for their best small business loans, your company will need to have been in operation for at least six months.
Lending Loop is different than other best small business loans in Canada. This is because it’s a regulated peer-to-peer lending platform. This means that when you apply for a small business loan, you will receive offers from anonymous investors interested in financing your loan. As a result, the online application process is quick and easy. Once this is complete and you accept your loan offer, investors begin to fund your loan on Lending Loop’s marketplace. Your loan gets transferred to your bank account once it receives complete funding.
Key features:
– Funds from anonymous investors ready to finance your business – Cash advances ranging from $1,000 to $500,000 – Smooth online application process completed in minutes – Low-interest rates beginning at 4.96% – Flexible repayment options
Drawbacks to consider:
Unlike other small business loans in Canada, Lending Loop does not list its fees and charges online. In addition, your business must earn at least $100,000 in revenue annually to apply. Also, if you’re looking for customer support, this company provides very limited assistance.
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Sharpshooter is an excellent option for young companies because it offers loans to applicants who have been in business for less than six months. Alternatively, Sharpshooter requires businesses to have been in operation for at least one hundred days before applying and puts its focus on your monthly income. Your business must earn at least $9,666 monthly to apply for one of their small business loans. Canada borrowers can choose from a selection of different loans with Sharpshooter. These include traditional business loans as well as merchant cash advances.
Key features:
– Loan approvals within 24 hours – Funds deposited in less than 3 days – No collateral required – Flexible repayment plans with terms of up to two years – Competitive interest rates starting at 6.33% – Accepts a minimum credit score of 416
Drawbacks to consider:
Sharpshooter small business loans come with high administration fees. These fees are based on credit score and history, business type and annual earnings. Also, Sharpshooter’s interest rates on its longer terms are high. Your company must have been in business for at least twelve months to qualify for long-term business loans.
CIBC offers small business loans to borrowers who can meet their criteria. For example, you must have experience in your business’s industry and be able to provide a detailed business plan. You’ll also need to show a high credit score and have personal collateral to connect to your loan. On top of this, you must also be able to show that your business continues to generate positive revenue and has for at least twelve months. As a result, it makes more sense for established companies to apply for a CIBC business loan; they may be the only businesses that qualify.
Key features:
– Loan amounts starting at $10,000 – Many borrowing options, including lines of credit – Flexible options, secured and unsecured, as well as fixed or variable rates – Amortization periods of up to 15 years
Drawbacks to consider:
With CIBC, you can’t apply for a business loan online. Instead, you must visit a branch to begin the application process for their best small business loans. Also, you can’t take out a loan for less than $10,000. Additionally, CIBC doesn’t list their interest rates online. This is another reason you’ll have to visit a CIBC branch to see what rate you qualify for.
For businesses already using Shopify as their storefront and point of sale, Shopify’s Merchant Cash Advance loans could be a great option. Shopify doesn’t offer traditional business loans with inflexible terms. Alternatively, you repay your cash advance with a percentage of your daily sales. As a result, your repayments fluctuate as they depend on your sales for that day. This can be really helpful as your revenue fluctuates from month to month. If you need to keep your cash flow open for operational purposes, this repayment method will also help support your business.
Key features:
– Shopify offers cash advance amounts up to $2,000,000 – They don’t require a credit check. Instead, they review your business’s earnings and sales before offering funds – No collateral required – Pre-qualification for Shopify businesses with different options for merchant cash advances – Repayment is based on a percentage of daily sales – No set deadlines for when loans need to be paid in entirety – Early repayment options for businesses that repay 25% of their cash advance
Drawbacks to consider:
While repayment plans that fluctuate with sales are great, Shopify’s merchant cash advances won’t help your business build a credit history. Plus, there is a daily remittance that Shopify automatically deducts from your sales until your cash advance, and fees are paid. Shopify also doesn’t list its range of fees. You will pay a charge for your cash advance, and this fee is added to the total amount your business will need to repay. Most importantly, these are only one of the best small business loans for Shopify users. This is because you must be a Shopify user to see your merchant cash advance offers and receive a cash advance.
Scotiabank offers some of the best business loans to borrowers purchasing real estate or business equipment. This is because their loans are installment based. This means you can use a Scotiabank loan to purchase fixed assets. Also, you can use your loan to finance future purchases or assets you may buy within six months of your loan application date. Borrowers can also qualify for Scotiabank small business loan protection. This is a form of insurance that will protect your loan payments. In addition, something to note is that Scotiabank business loans can be backed by Scotiabank or the Canadian government. This will depend on what type of financing you require.
Key features:
– Unlike other big banks, you can apply for a Scotiabank loan online – Repayment terms of up to 10 years – Varied financing options, including lines of credit and overdraft protection – Loan amounts of up to $1,000,000 – Custom loans with fixed and variable interest rates
Drawbacks to consider:
With Scotiabank, your loan is secured by the asset you purchase. As a result, you’ll be required to forfeit your asset if you can’t repay the loan. Scotiabank also doesn’t list interest rates online, so you must visit a branch to find out what your qualifying interest rate will be. In addition, you will not qualify for a loan if you have bad credit. That is unless you can find a guarantor to co-sign or secure your loan with a personal asset. Finally, Scotiabank’s business loans only apply to fixed assets. As a result, you can’t use a Scotiabank loan to supplement cash flow or consolidate business debts.
9. Canada Small Business Financing Program (CSBFP)
The Canada Small Business Financing Program (CSBFP) is known as one of the country’s best small business loans. This is because loans are backed by the Canadian government. So, you will never get funding you couldn’t qualify for on your own. Plus, CSBFP’s interest rates are highly competitive. You will be eligible if you are a small business or start-up operating for profit in Canada. You just need a gross annual revenue of $10 million or less. Loan funds can also be used for a variety of different purposes. For example, buying new equipment, paying for renovations for a leased property, buying or improving land and more!
Key features:
– Varied and fixed interest rates – For a variable rate, the maximum is the lender’s prime + 3% – No fixed rate; the maximum is the lender’s single-family residential mortgage rate plus 3% – Loans come with a government-backed guarantee, with some of the best interest rates in Canada – Funds used to purchase assets – Loans of up to $1,000,000
Drawbacks to consider:
CSBFP loans can’t be used for day-to-day operations, such as buying inventory, payroll and other daily expenses. With a CSBFP loan, you will also be charged a registration fee of 2%. On top of this, the lender may also charge any fees they would usually charge for a conventional loan of the same amount.
HSBC small business loans work with a fixed repayment schedule. Furthermore, you’ll need to choose between a fixed or variable interest rate on your loan. If you don’t have collateral or don’t want to put any down, you can take out an HSBC loan for up to $250,000. For larger loans, it’s possible to qualify for up to $1.25 million. This is only for loans that go towards purchasing owner-occupied commercial property. To qualify for an HSBC business loan, your business can’t generate more than $5 million annually.
Key features:
– Easy online application process – Swift qualification decision – Fixed as well as variable interest rates – Provides funds of up to $250,000 with no collateral – Funds of up to $1.25 million on loans for owner-occupied commercial property
Drawbacks to consider:
With HSBC, you’ll have set-up fees equal to a maximum of 1% of the small business loan. Canada borrowers will also need to have an HSBC chequing account to qualify.
Running a business in this economy (or perhaps any) comes with its own set of challenges. However, when you need a small business loan, having access to information on lenders and competitive interest rates makes it easier to find your best options.
RenovationFind is here to save you time with our curated list of comparable small business lenders. When you go through the options we provide above, it allows you to make comparisons between lending outlets. This way, you will feel more confident about your choices. Below we explain a little more about various types of small business loans in Canada work.
The most common small business lenders in Canada
First, a business with less than 100 employees is considered a small business in Canada. Small businesses make up the vast majority of Canada’s economy, and many entrepreneurs are seeking funding for their businesses. For the most part, small business lenders can be broken down into four categories:
Banks
Banks are perhaps the most well-known lenders for small business loans. This makes sense, considering banks also offer mortgages. If you have a history of borrowing, seeking funds from a bank is a likely choice. However, it can be challenging to get a bank loan. Banks require outstanding credit and often require personal assets as collateral. With bank loans, in most cases, you also can’t apply online, and the application process is lengthy.
Online direct lenders
Since banks come with much stricter lending eligibility, more and more small businesses are turning to online direct lenders. They offer some of the best small business loans in Canada. Moreover, their application process is easy and quick, and they don’t all require high credit scores and collateral.
Online Lending Marketplaces
A lending marketplace is an online marketplace engine that matches you with lenders. With this method, you fill out an online application form. Then you’ll see a variety of loan options from different lenders. This will help you narrow your search to find the best choice for your business. However, a downside with this type of lender is that you only have access to lenders who partner with the online marketplace you’re using.
Peer-to-peer lending
While a lending marketplace connects you with online lenders, peer-to-peer lending matches you with online investors. When you apply for peer-to-peer lending, your loan funds will come from investors using the online lending platform. So if you are concerned, you won’t qualify for a traditional online or bank small business loan, a peer-to-peer lender may be one of the best small business loans for you.
Find the best small business loan for your business
It’s no question that researching and deciding on the best business loan for your company can be a challenging task. There’s a lot to consider. You’ll also need to understand what type of interest rate and repayment plan will work for your business model.
Before you apply, you’ll want to be well-versed in the various types of interest rates and lending models. For example, fixed and variable interest rates, as well as traditional business loans, merchant cash advances and lines of credit, just to name a few.
The RenovationFind list above will help you get a handle on some of this. If you have more questions, don’t hesitate to contact a trusted source, such as a business advisor. This way, you can learn the intricacies of small business loans. Canada banks and some online direct lenders employ business advisors who can help you.
Disclaimer: all images are owned and copyright by their respective owners and website (blog.renovationfind.com) and “https://madcitybasement.com/blog” is for news, information, product news and reviews.
Obtaining a construction permit can seem like an extra hurdle, but it’s an essential step that ensures your project meets local codes and standards. By following this process, you can ensure that your project adheres to local regulations, protects your investment, and contributes to the safety and integrity of your property.
PERMITTING YOUR HOME RENOVATION PROJECT
Residential building permit requirements are set by the village or country jurisdiction that you live in. In most cases, a permit is required for any home alteration, large or small, that involves structural or mechanical changes (walls moving, plumbing, electrical, HVAC). Although we are adept at navigating many different building departments, we must still inquire thoroughly about each project to stay on top of regularly changing code requirements.
WHAT PERMIT MANAGEMENT INCLUDES:
At Advance Design, we take the hassle out of the permitting process by managing every aspect for you. Below is a detailed look at what our permit management includes.
– RESEARCH VILLAGE REQUIREMENTS: We investigate unique village regulations and codes to ensure compliance.
– BUILDING CODES: We ensure that all layouts and plans meet the necessary building codes to prevent costly revisions down the line.
– CONTRACTOR REGISTRATION: We verify that all subcontractors involved in your project are registered and licensed in your village. We submit licenses and letters of intent for each contractor.
– DOCUMENT PROCUREMENT: We gather all required architectural plans and plat of surveys for your project permit.
– APPLICATION SUBMISSION: We package and submit the permit application, with all required documents, letters of intent, drawings, and prints, often via in-person drop-off and pick-up.
– REVISIONS/SUPPLEMENTARY INFO: If needed, we will revise or provide any additional information required by your village during permit evaluation.
– INSPECTIONS: We schedule and attend all required village inspections, including rough-in construction, mid-construction, and post-construction inspections.
For a modest one-time fee of $250, our clients find that having one team manage the permitting process is well worth it. Our goal is to streamline this critical aspect of your project, prevent wasted time and headaches for you, and give you peace of mind.
RISKS OF NOT PERMITTING:
Many first-time renovators ask, “Why should I permit my project, and what can happen if I don’t?”It’s crucial to understand that permitting ensures all work completed at your home meets safety codes and is completed correctly. Ultimately, it serves as a safeguard for your investment.
Here are some key points to consider:
– RISK AND RESPONSIBILITY: Projects completed without permits are done at the homeowner’s sole risk. This can lead to village fines, work being halted, or even the removal of unpermitted work to bring your project in line with village requirements.
– INSPECTOR ACCESS: Contractors cannot prevent local inspectors from entering your home. Inspectors often patrol neighborhoods and may stop by job sites if they see work trucks and open doors. If they find unpermitted work, it can lead to immediate repercussions.
– FUTURE INSPECTIONS: Non-compliant work previously done on your home can be flagged during inspections, requiring corrections either during your project or after. This can complicate future home sales if a home inspector discovers unpermitted work, potentially jeopardizing the sale.
– PUBLIC RECORDS: Permit records are publicly available and remain on file for the life of the home. Any non-compliance issues will be documented, affecting your property’s value and marketability.
– FINANCIAL LIABILITY: Any expenses related to permit fees, penalties, or additional required work from the village due to unpermitted projects fall solely on the homeowner. If an unpermitted project is discovered and halted, you could face significant delays and added costs.
Ultimately, the decision to permit is yours. At Advance Design, we ensure all our work is properly licensed and adheres to required codes, regardless of permit requirements. It’s worth noting that most industry experts caution homeowners against contractors who suggest working without a permit. Safeguarding your investment is our priority, and we’re here to help you navigate this process!
PERMIT COSTS/BILLING:
Your village determines the cost of your construction permit. Sometimes this is a percentage of the project, and some villages require a flat fee to submit (a viewing fee) and then add the rest of their fees once approved. If your village requires a viewing fee, this is typically around $50, and some villages charge an extra $5 for every 10 square feet that exceeds 100 square feet.
Permit amounts vary greatly from village to village. We know this sounds extreme, but we can tell from experience that the same project permit in one village could be a few hundred dollars and several thousand dollars in another village. It may be possible to predict approximate ballpark permit fees by viewing whatever information is provided by your village online, but in our experience, the only reliable answer comes when a permit is submitted and the village releases billing.
At Advance Design, village permit fees, bonding, performance guarantees, and other related permit expenses are billed to you on a separate billing after they are billed to us by the village. Amounts are not included in project proposals upfront because until a project is submitted in its entirety, permit amounts are not yet known.
PERFORMANCE BONDS:
Some villages require a performance bond sometimes referred to as a “road bond” for your project, depending on village requirements and the size and scope of your project. If a bond is required, a major benefit at Advance Design is that we will provide it for you at no extra cost. Bonds are essentially an insurance policy we must purchase to ensure that we as the general contractor remain responsible should anyone on our team damage village utilities and/or property during construction.
Bonds are handled differently per village. We’ve supplied bonds over the years between $1,000-$10,000 depending on the project magnitude. Bonds can be required either before or after permit submission. Our team will research your village’s requirements and handle any required bonds. If you partner with a contractor who does not handle bonds, you will have to provide your project bond on your own.
PERMIT ACCESS:
Our team will share a copy of all permit-related documents with you via Buildertrend, our client project portal. This includes a copy of your approved plans, the permit plaque/print for your home, and inspection reports. If your village sends a permit/project close letter to our team after final inspections are passed, this will also be available on Buildertrend for viewing.
HOW LONG DOES THE PERMIT PROCESS TAKE?
Several factors impact the time it takes for our team to prepare your permit and your village to review and issue your permit. In our experience, villages take an average of 2-3 weeks (10-15 business days) to process your permit application, but the village review process often runs longer for larger projects and some villages have longer lead times. Larger projects that go through a formal review process can take weeks, and sometimes months to complete and receive.
Our team will stay in consistent communication with your village and do everything we can to get your permit through the system. Kitchen and bath permits are more standardized and often move through the system quicker, while larger projects are much more involved and take time to meet specific village standards.
Depending on the magnitude of your project, further demands may be made by the village to provide more information, request engineering consultations, and revise architectural plans. Sometimes a committee review is required for setbacks, zoning issues, and HOA approvals. Each project is unique, and ADS works with your village until every requirement is satisfied.
WHY DESIGN-BUILD FOR PERMITTING?
Partnering with a team that manages all aspects of your project, including the intricate details of your permit, is a vital part of our Common Sense Remodeling process. At Advance Design, we aim to streamline your remodeling experience and ensure your project runs smoothly. This allows you to focus on what truly excites you about your renovation.
Let us handle the paperwork and logistics so you can enjoy a hassle-free experience. Your project is important to us, and we’re dedicated to making it as enjoyable and stress-free as possible! If you have any questions about your project’s pending permit, reach out to the ADS design team and they can answer any questions you may have.
Disclaimer: all images are owned and copyright by their respective owners and website (advancedesignstudio.com) and “https://madcitybasement.com/blog” is for news, information, product news and reviews.
Chris and his team completed our bathroom renovation. The work included a completely new shower via the Wedi Board System, tile, shower niche, seat, faucets and glass barn door. Also, a new heated tile floor, backsplash and installation of all plumbing fixtures. Our experience working with Chris was incredible. We found him extremely professional, knowledgeable, open to changes, and able to offer additional options / solutions for an amazing finished bathroom. The project was stalled due to other contractor delays and Chris was flexible and accommodating to return and complete his portion of the work without delay. Chris and his team are true craftsmen with a dedication to detail, perfection and quality. Chris was recommended by Tile and Stone Source (Calgary), and based on our experience, we fully support their endorsement for any construction needs.
We have used Chris many times and are very pleased with the results. We had him hang new solid core doors, install new casing and baseboard. We also had windows replaced throughout our home. He has done both interior and exterior painting. He has also built a custom fire place surround floor to ceiling with faux stone and open white shelves. Chris always shows up exactly as scheduled and always cleans up after the work has been completed.
Cleland Contracting Inc. is a great company with a great leader. Attention to detail, a relentless attitude towards customer satisfaction, and a great price are just a few of the reasons I’ve had them do work for me. I will continue to work with Cleland Contracting Inc. because there a company that will be around 20 years from now.
Chris is a very efficient and skilled carpenter who has done a variety of repairs and renos for me. He effectively solved some challenging renovation situations with excellent workmanship. I have recommended Chris to friends who were also very pleased with the work done.
Disclaimer: all images are owned and copyright by their respective owners and website (blog.renovationfind.com) and “https://madcitybasement.com/blog” is for news, information, product news and reviews.
