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Here You Can Find Out More About the Lake Hartwell and Anderson Area Economy & Job Market   Because Hartwell Lake comprises nearly 56,000 acres of water with a shoreline of approximately 1000 miles, thousands of tourists are attracted to this water wonderland every year. The tourist industry caters to the multiple recreational opportunities such as water-skiing, swimming, sailing, boating, and kayaking. The Tugaloo and Seneca River portions of the lake are prime fishing areas. There are over 80 recreation areas on the lake that provide numerous opportunities for outdoor activities such as camping, and hiking on the many nature trails. The recreational draw at Lake Hartwell provides for diverse small businesses in the tourist industry. Tourists enjoy exploring the charming villages and towns that border Lake Hartwell and shopping the arts and crafts shops, flea markets, and outlet stores. Lake Hartwell, was formed as part of a flood control project in the Savannah River Basin. The U.S. Army Corps of Engineers offers programs to increase public understanding regarding the nature and function of the Hartwell Lake control project. . Their Shoreline Management runs programs that provide information to property owners and users designed to ensure that public and private use continues in an equitable way, and more important, to ensure the long-term protection of natural resources. Currently, the power plant tours are not in effect; however, the Corps presents regular video programs to the public about the construction and workings of the power plant and flood control project. The Department of Natural Resources (DNR) purchases an array of materials and commodities used to preserve and protect the natural environment in the Upstate area of South Carolina. Agricultural equipment, seeds and fertilizers, building supplies, grounds maintenance services are just a few of the requisite goods and services. The DNR is an employer that solicits participation from a huge number of vendors. They also have developed Minority Business Utilization Plan to create business opportunities for qualified small and minority businesses.  Lake Keowee provides multiple opportunities for vacationers and tourists to enjoy the lake’s natural surroundings: camping, picnics, sandy swimming beaches, fishing, hiking, nature trails, and volleyball are just some of the activities that attract visitors and families for a summer vacation. Gift shops, restaurants, and sporting goods stores contribute to the tourist trade around Lake Keowee. Gift shops sell locally made foods, souvenirs, t-shirts, and maps and guidebooks for hikers and campers. There are private camps along the lake for boys and girls. Summer activities such as arts and crafts, horseback riding, swimming, and other sports are taught. Camps are well staffed by both teen counselors and skilled adults and run throughout the summer months. Lake Keowee is a draw to nature enthusiasts. The Chatooga River, which feeds into the Lake, provides an exhilarating run for river rafting. The season extends from March through October.   The county of Anderson has a high standard of living that is supported by a thriving economy. The Upstate of South Carolina is rich in both natural beauty and manufacturing resources. Moderate temperatures and a beautiful natural environment as well as the presence of over 200 international companies have resulted in the region’s rapid growth in population and economic development. Upstate S.C. is the home to BMW Manufacturing and Michelin North America, and has proven to be a leader in the industries of biotechnology and telecommunications. The vast number of recreational and sports activities generated by Lake Hartwell, state parks, private camps, summer vacation rentals, and year-round residences feed a hungry tourism trade. The major industries in Anderson include manufacturers of automotive products, metal products, industrial machinery, plastics, publishing, and textiles. The county of Anderson has 11 automotive suppliers and 27 plastic companies. There are more than 27 BMW suppliers in the area giving Upstate international recognition as an automotive supplier. Other factors positively affect the economy in Anderson. Local industries benefit from the research and teaching generated by Clemson University located 12 miles from Anderson, and The Center for Accelerated Technology Training is a program that provides training for new and existing businesses in the state. Walgreens gave a boost to the state economy in July 2004, when they began construction of a large Distribution Center. This represents a $175 million, 450-job investment in the Distribution Center, and a coup for state and county’s business developers.  Want the inside scoop on the local economy? It's my job to know! Ask me any question. Or request my FREE Lake Hartwell and Anderson relocation package. I promise to get back to you quickly... 
Investment Real Estate >Investment Property Exchanges
When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.
When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.
It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.
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Where in the United States will you find the largest concentration of million-dollar homes?
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There are almost 314,000 million-dollar homes in the United States, and 41% of these are located in California.
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