Parkside Row in Springboro, Ohio

Owning one’s home is still one of the great choices we have in our country. There are important reasons, financially and personally, for this choice. June is National Homeownership month and we as Americans should embrace this freedom we possess.

Most Americans consider homeownership to be their single best long-term investment and a primary source of their wealth and financial security. Generations of families have counted on and used the equity in their homes for their children’s education, their own retirement and other milestone expenses.

Individual household budgets are helped by tax incentives that are designed to make owning a home more affordable.

Deductions for mortgage interest and property taxes can result in thousands of dollars of tax savings, especially in the early years of the mortgage when interest makes up most of the payment. Home owners save nearly $100 billion annually on mortgage interest and property deductions alone.

And when home owners sell their primary residence, they get an enormous tax break. A couple who owns and lives in their home for two years and then decides to sell can keep up to $500,000 of the profit tax-free, and a single owner can keep $250,000.

Homeownership is not only good for the individual home owner, it strengthens the housing industry. A healthy housing industry means more jobs a stronger U.S. economy. In fact, fully 15 percent of the U.S. economy relies on housing.

Most of the products used in home construction and remodeling are manufactured in the United States. Constructing 100 new homes creates more than 200 full-time jobs, $23.1 million in wage and business income and $8.9 million in federal, state, and local tax revenue. New home owners spend money on decorations and furnishings, to enhance the landscaping and to become members of the community by patronizing local businesses and service providers.

Home building increases the property tax base that supports local schools and communities. When a family owns their home, it is an asset that has a direct impact on their financial security and future. People are more likely to take care of things they own so they remain valuable. And a home’s value is determined by how well it is maintained as well as by the condition of the neighborhood it is located in. So, home owners have incentive to spend their time and resources improving their neighborhood, even if it is just to protect the value of their investment.

Patterson Place Brickstone Model Kitchen

The Simms Family has been building housing in Dayton for generations and are proud to be part of this great industry. With the renewal of downtown, Simms is proud to be part of Dayton’s own revitalization.

For more information about owning a home built by Charles Simms Development, contact our sales representatives at our models open 7 days a week, Mon-Thurs, 12-6 and Fri-Sun, 12-5.

Sharon Hansford
Patterson Place
218 Keelboat Ct.
Dayton, OH 45402
937-772-1365

Bronwyn Graham-Duteil
The Cottages at Yankee Trace
507 Legendary Way
Centerville, OH 45458
937-623-4766

Stephanie Dietz
Twin Lakes West
1789 Placid Drive
Centerville, OH 45458
937-436-2913

Bronwyn Graham-Duteil
Parkside Row
402 Brownstone Row
Springboro, OH 45066
937-623-4766.