{"id":2657,"date":"2026-08-21T19:48:36","date_gmt":"2026-08-21T17:48:36","guid":{"rendered":"https:\/\/magenta2i.com\/?page_id=2657"},"modified":"2026-08-24T22:28:35","modified_gmt":"2026-08-24T20:28:35","slug":"immobilier-ancien-ou-neuf-arbitrages","status":"publish","type":"page","link":"https:\/\/magenta2i.com\/en\/immobilier-ancien-ou-neuf-arbitrages\/","title":{"rendered":"immobilier ancien ou neuf arbitrages"},"content":{"rendered":"<style>.kadence-column2657_7ac38c-22 > .kt-inside-inner-col{padding-top:var(--global-kb-spacing-3xl, 6.5rem);}.kadence-column2657_7ac38c-22 > .kt-inside-inner-col,.kadence-column2657_7ac38c-22 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column2657_7ac38c-22 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column2657_7ac38c-22 > .kt-inside-inner-col{flex-direction:column;}.kadence-column2657_7ac38c-22 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column2657_7ac38c-22 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column2657_7ac38c-22{position:relative;}.kadence-column2657_7ac38c-22, .kt-inside-inner-col > .kadence-column2657_7ac38c-22:not(.specificity){margin-right:var(--global-kb-spacing-xs, 1rem);margin-left:var(--global-kb-spacing-xs, 1rem);}@media all and (max-width: 1024px){.kadence-column2657_7ac38c-22 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column2657_7ac38c-22 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column2657_7ac38c-22\"><div class=\"kt-inside-inner-col\"><style>.wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82, .wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82[data-kb-block=\"kb-adv-heading2657_c5d908-82\"]{padding-top:var(--global-kb-spacing-sm, 1.5rem);padding-right:0px;padding-bottom:var(--global-kb-spacing-md, 2rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:30px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#032ba3;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82[data-kb-block=\"kb-adv-heading2657_c5d908-82\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82[data-kb-block=\"kb-adv-heading2657_c5d908-82\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82, .wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82[data-kb-block=\"kb-adv-heading2657_c5d908-82\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82, .wp-block-kadence-advancedheading.kt-adv-heading2657_c5d908-82[data-kb-block=\"kb-adv-heading2657_c5d908-82\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h1 class=\"kt-adv-heading2657_c5d908-82 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_c5d908-82\">Immobilier ancien ou neuf : quels arbitrages pour un investisseur ?<\/h1>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-2dc4f28f3366e80531c76973d180d39c wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Faut-il privil\u00e9gier un logement ancien \u00e0 r\u00e9nover ou un logement neuf pr\u00eat \u00e0 \u00eatre livr\u00e9 ? La comparaison est souvent pr\u00e9sent\u00e9e sous forme d\u2019avantages et d\u2019inconv\u00e9nients g\u00e9n\u00e9riques. Pour un investisseur, cette approche est insuffisante. Deux actifs situ\u00e9s dans des march\u00e9s diff\u00e9rents, acquis \u00e0 des prix diff\u00e9rents et financ\u00e9s selon des structures diff\u00e9rentes peuvent produire des r\u00e9sultats tr\u00e8s \u00e9loign\u00e9s, ind\u00e9pendamment de leur \u00e2ge.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-6bccc49f8944c48a5c2cf46e627d9e11 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">L\u2019arbitrage doit donc partir de la strat\u00e9gie : recherche de rendement locatif, cr\u00e9ation de valeur par r\u00e9novation, simplicit\u00e9 op\u00e9rationnelle, ma\u00eetrise du risque technique, horizon de d\u00e9tention ou potentiel de revente. L\u2019ancien et le neuf ne sont pas deux produits interchangeables ; ils exposent le capital \u00e0 des sources de rendement et de risque diff\u00e9rentes.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee, .wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee[data-kb-block=\"kb-adv-heading2657_59c649-ee\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee[data-kb-block=\"kb-adv-heading2657_59c649-ee\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee[data-kb-block=\"kb-adv-heading2657_59c649-ee\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee, .wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee[data-kb-block=\"kb-adv-heading2657_59c649-ee\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee, .wp-block-kadence-advancedheading.kt-adv-heading2657_59c649-ee[data-kb-block=\"kb-adv-heading2657_59c649-ee\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_59c649-ee wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_59c649-ee\"><strong>1. Comparer le co\u00fbt total, pas seulement le prix affich\u00e9<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-748545649e4f53d6018c79c0fa2c481b wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Le prix au m\u00e8tre carr\u00e9 est un premier rep\u00e8re, mais il ne permet pas \u00e0 lui seul de comparer correctement deux op\u00e9rations. Dans l\u2019ancien, il faut int\u00e9grer les droits et frais d\u2019acquisition, les \u00e9ventuels travaux privatifs, les travaux de copropri\u00e9t\u00e9, les co\u00fbts \u00e9nerg\u00e9tiques et la remise en exploitation. Dans le neuf, il faut consid\u00e9rer le prix commercial, les frais d\u2019acquisition applicables, les \u00e9ventuelles options ou finitions, le financement pendant la construction et le co\u00fbt du d\u00e9lai avant livraison.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_75535b-fc, .wp-block-kadence-advancedheading.kt-adv-heading2657_75535b-fc[data-kb-block=\"kb-adv-heading2657_75535b-fc\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2657_75535b-fc mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_75535b-fc[data-kb-block=\"kb-adv-heading2657_75535b-fc\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_75535b-fc img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_75535b-fc[data-kb-block=\"kb-adv-heading2657_75535b-fc\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2657_75535b-fc wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_75535b-fc\"><strong>Raisonner en co\u00fbt complet<\/strong><\/h3>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-be475c83c7c86a2a6094cdea5c34b275 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La base de comparaison pertinente est le capital total n\u00e9cessaire pour obtenir un actif exploitable : prix, frais, financement, travaux, \u00e9quipement, co\u00fbts de portage et marge pour al\u00e9as. C\u2019est sur cette base que doivent ensuite \u00eatre calcul\u00e9s rendement et cr\u00e9ation de valeur.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/comment-evaluer-la-rentabilite-dun-investissement-immobilier\/\" data-type=\"page\" data-id=\"2215\"><strong>Comment \u00e9valuer la rentabilit\u00e9 d\u2019un investissement immobilier ?<\/strong><\/a><\/p>\n\n\n\n<div class=\"wp-block-columns is-not-stacked-on-mobile wp-container-content-ebf6bc82 is-layout-flex wp-container-core-columns-is-layout-acafa515 wp-block-columns-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--40);padding-top:var(--wp--preset--spacing--20);padding-right:0;padding-bottom:var(--wp--preset--spacing--20);padding-left:0\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><style>.wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0, .wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0[data-kb-block=\"kb-adv-heading2657_8f346a-b0\"]{padding-left:var(--global-kb-spacing-xs, 1rem);font-size:44px;font-style:normal;letter-spacing:-5px;text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0[data-kb-block=\"kb-adv-heading2657_8f346a-b0\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0[data-kb-block=\"kb-adv-heading2657_8f346a-b0\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0, .wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0[data-kb-block=\"kb-adv-heading2657_8f346a-b0\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0, .wp-block-kadence-advancedheading.kt-adv-heading2657_8f346a-b0[data-kb-block=\"kb-adv-heading2657_8f346a-b0\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_8f346a-b0 hostinger-ai-title wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_8f346a-b0\"><\/h2>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"border-left-color:#c8a044;border-left-style:solid;border-left-width:4px\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center has-border-color has-theme-palette-9-border-color has-small-font-size is-layout-constrained wp-container-core-column-is-layout-4d0e3ca7 wp-block-column-is-layout-constrained\" style=\"padding-right:var(--wp--preset--spacing--70);flex-basis:85%\">\n<p class=\"has-text-color has-background has-link-color wp-elements-bff45e1695c6789e69b90922c636fde7 wp-block-paragraph\" style=\"color:#022280;background-color:#ede3c885;padding-right:0;padding-left:var(--wp--preset--spacing--30);font-size:17px;line-height:1.5\">Conseil Magenta : immobilier ancien et neuf doivent \u00eatre compar\u00e9s \u00e0 co\u00fbt complet et \u00e0 risque comparable, jamais uniquement sur le prix d\u2019achat ou sur un avantage fiscal.<\/p>\n<\/div>\n<\/div>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9, .wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9[data-kb-block=\"kb-adv-heading2657_420ec0-d9\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9[data-kb-block=\"kb-adv-heading2657_420ec0-d9\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9[data-kb-block=\"kb-adv-heading2657_420ec0-d9\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9, .wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9[data-kb-block=\"kb-adv-heading2657_420ec0-d9\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9, .wp-block-kadence-advancedheading.kt-adv-heading2657_420ec0-d9[data-kb-block=\"kb-adv-heading2657_420ec0-d9\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_420ec0-d9 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_420ec0-d9\"><strong>2. Ancien : davantage de potentiel de transformation, mais davantage d\u2019incertitude<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-7def27b3773f8d1fcd85d9f53d059ff4 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">L\u2019ancien peut offrir un avantage strat\u00e9gique lorsqu\u2019un investisseur identifie un actif dont l\u2019\u00e9tat, la distribution, la performance \u00e9nerg\u00e9tique ou le positionnement peuvent \u00eatre am\u00e9lior\u00e9s. La cr\u00e9ation de valeur provient alors en partie de l\u2019ex\u00e9cution : acheter correctement, diagnostiquer les d\u00e9fauts, budg\u00e9ter les travaux et repositionner le bien pour une demande identifiable.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_ec283c-22, .wp-block-kadence-advancedheading.kt-adv-heading2657_ec283c-22[data-kb-block=\"kb-adv-heading2657_ec283c-22\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2657_ec283c-22 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_ec283c-22[data-kb-block=\"kb-adv-heading2657_ec283c-22\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_ec283c-22 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_ec283c-22[data-kb-block=\"kb-adv-heading2657_ec283c-22\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2657_ec283c-22 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_ec283c-22\"><strong>Les principaux risques de l\u2019ancien<\/strong><\/h3>\n\n\n\n<div class=\"wp-block-columns is-not-stacked-on-mobile wp-container-content-ebf6bc82 is-layout-flex wp-container-core-columns-is-layout-acafa515 wp-block-columns-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--40);padding-top:var(--wp--preset--spacing--20);padding-right:0;padding-bottom:var(--wp--preset--spacing--20);padding-left:0\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><style>.wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7, .wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7[data-kb-block=\"kb-adv-heading2657_f39647-e7\"]{padding-left:var(--global-kb-spacing-xs, 1rem);font-size:44px;font-style:normal;letter-spacing:-5px;text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7[data-kb-block=\"kb-adv-heading2657_f39647-e7\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7[data-kb-block=\"kb-adv-heading2657_f39647-e7\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7, .wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7[data-kb-block=\"kb-adv-heading2657_f39647-e7\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7, .wp-block-kadence-advancedheading.kt-adv-heading2657_f39647-e7[data-kb-block=\"kb-adv-heading2657_f39647-e7\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_f39647-e7 hostinger-ai-title wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_f39647-e7\"><\/h2>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"border-left-color:#c8a044;border-left-style:solid;border-left-width:4px\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center has-border-color has-theme-palette-9-border-color has-small-font-size is-layout-constrained wp-container-core-column-is-layout-4d0e3ca7 wp-block-column-is-layout-constrained\" style=\"padding-right:var(--wp--preset--spacing--70);flex-basis:85%\">\n<p class=\"has-text-color has-background has-link-color wp-elements-5c0a6290f577c4b30299ff4703cf9e76 wp-block-paragraph\" style=\"color:#022280;background-color:#ede3c885;padding-right:0;padding-left:var(--wp--preset--spacing--30);font-size:17px;line-height:1.5\">Travaux sous-estim\u00e9s ; d\u00e9fauts techniques ; d\u00e9penses de copropri\u00e9t\u00e9 ; performance \u00e9nerg\u00e9tique insuffisante ; calendrier de r\u00e9novation ; al\u00e9as de chantier ; vacance pendant les travaux et \u00e9cart entre la valeur esp\u00e9r\u00e9e apr\u00e8s r\u00e9novation et la valeur r\u00e9ellement reconnue par le march\u00e9.<\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-f844721d479d3dd3303ef28aeab262f7 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">L\u2019ancien exige donc g\u00e9n\u00e9ralement une due diligence plus pouss\u00e9e et une marge de s\u00e9curit\u00e9 adapt\u00e9e.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/due-diligence-immobiliere\/\" data-type=\"page\" data-id=\"2215\"><strong>Qu\u2019est-ce qu\u2019une due diligence immobili\u00e8re ?<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/budgeter-renovation-avant-acquisition-immobiliere\/\" data-type=\"link\" data-id=\"https:\/\/magenta2i.com\/budgeter-renovation-avant-acquisition-immobiliere\/\"><strong>Comment budg\u00e9ter une r\u00e9novation avant une acquisition immobili\u00e8re ?<\/strong><\/a><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57, .wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57[data-kb-block=\"kb-adv-heading2657_f2968f-57\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57[data-kb-block=\"kb-adv-heading2657_f2968f-57\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57[data-kb-block=\"kb-adv-heading2657_f2968f-57\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57, .wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57[data-kb-block=\"kb-adv-heading2657_f2968f-57\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57, .wp-block-kadence-advancedheading.kt-adv-heading2657_f2968f-57[data-kb-block=\"kb-adv-heading2657_f2968f-57\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_f2968f-57 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_f2968f-57\"><strong>3. Neuf : davantage de visibilit\u00e9 technique, mais un prix et un calendrier \u00e0 challenger<\/strong><\/h2>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_275f83-1c, .wp-block-kadence-advancedheading.kt-adv-heading2657_275f83-1c[data-kb-block=\"kb-adv-heading2657_275f83-1c\"]{padding-right:17px;padding-left:36px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2657_275f83-1c mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_275f83-1c[data-kb-block=\"kb-adv-heading2657_275f83-1c\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_275f83-1c img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_275f83-1c[data-kb-block=\"kb-adv-heading2657_275f83-1c\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2657_275f83-1c wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_275f83-1c\">Un logement neuf ou acquis en <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#vefa\">VEFA<\/a><\/strong> offre g\u00e9n\u00e9ralement un produit r\u00e9cent r\u00e9pondant aux normes de construction applicables, avec un besoin de travaux initial plus limit\u00e9 et un cadre contractuel sp\u00e9cifique. En VEFA, le paiement est \u00e9chelonn\u00e9 en fonction de l\u2019avancement de la construction et le contrat est encadr\u00e9, notamment quant au descriptif, au prix, au d\u00e9lai de livraison et aux garanties financi\u00e8res.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_cb2233-03, .wp-block-kadence-advancedheading.kt-adv-heading2657_cb2233-03[data-kb-block=\"kb-adv-heading2657_cb2233-03\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2657_cb2233-03 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_cb2233-03[data-kb-block=\"kb-adv-heading2657_cb2233-03\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_cb2233-03 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_cb2233-03[data-kb-block=\"kb-adv-heading2657_cb2233-03\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2657_cb2233-03 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_cb2233-03\"><strong>Les risques ne disparaissent pas<\/strong><\/h3>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_b3ab30-33, .wp-block-kadence-advancedheading.kt-adv-heading2657_b3ab30-33[data-kb-block=\"kb-adv-heading2657_b3ab30-33\"]{padding-right:17px;padding-left:36px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2657_b3ab30-33 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_b3ab30-33[data-kb-block=\"kb-adv-heading2657_b3ab30-33\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_b3ab30-33 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_b3ab30-33[data-kb-block=\"kb-adv-heading2657_b3ab30-33\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2657_b3ab30-33 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_b3ab30-33\">Le neuf peut int\u00e9grer une prime de prix, limiter la possibilit\u00e9 de cr\u00e9er de la valeur par transformation imm\u00e9diate et exposer l\u2019investisseur au d\u00e9lai de livraison, aux <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#interets-intercalaires\">int\u00e9r\u00eats intercalaires<\/a><\/strong> selon le financement, aux r\u00e9serves \u00e0 la livraison et au risque que le loyer ou la valeur de revente attendus ne justifient pas le prix d\u2019entr\u00e9e.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_fabf96-f5, .wp-block-kadence-advancedheading.kt-adv-heading2657_fabf96-f5[data-kb-block=\"kb-adv-heading2657_fabf96-f5\"]{padding-right:17px;padding-left:36px;font-size:17px;line-height:1.5rem;font-weight:400;font-style:normal;font-family:'Inter Tight';color:#022280;}.wp-block-kadence-advancedheading.kt-adv-heading2657_fabf96-f5 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_fabf96-f5[data-kb-block=\"kb-adv-heading2657_fabf96-f5\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_fabf96-f5 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_fabf96-f5[data-kb-block=\"kb-adv-heading2657_fabf96-f5\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2657_fabf96-f5 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_fabf96-f5\">La qualit\u00e9 du programme, du <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#promoteur\" data-type=\"page\" data-id=\"23\">promoteur<\/a><\/strong>, de l\u2019emplacement et du micro-march\u00e9 reste d\u00e9terminante.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-0eb7f1e6a0bb434446e72d970b8907f4 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Parmi ces crit\u00e8res, l&rsquo;immobilier neuf p\u00e2tit en g\u00e9n\u00e9ral d&rsquo;un emplacement moins central par rapport \u00e0 bon nombre d&rsquo;actifs anciens, d\u00e9j\u00e0 \u00e9tablis sur leurs micro-march\u00e9s respectifs. Un actif immobilier neuf b\u00e9n\u00e9ficiant d&rsquo;une localisation moins attractive voit sa liquidit\u00e9 se r\u00e9duire, exposant son propri\u00e9taire \u00e0 une d\u00e9cote de prix ou un d\u00e9lai de commercialisation prolong\u00e9 en cas de revente.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33, .wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33[data-kb-block=\"kb-adv-heading2657_53fd0d-33\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33[data-kb-block=\"kb-adv-heading2657_53fd0d-33\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33[data-kb-block=\"kb-adv-heading2657_53fd0d-33\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33, .wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33[data-kb-block=\"kb-adv-heading2657_53fd0d-33\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33, .wp-block-kadence-advancedheading.kt-adv-heading2657_53fd0d-33[data-kb-block=\"kb-adv-heading2657_53fd0d-33\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_53fd0d-33 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_53fd0d-33\"><strong>4. Localisation : l\u2019ancien peut offrir davantage de profondeur dans les march\u00e9s \u00e9tablis<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-1d69f5d731745fb3691f8a0df250293b wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Dans de nombreux secteurs urbains matures, l\u2019offre r\u00e9sidentielle existante est naturellement plus abondante que l\u2019offre neuve. Cela peut donner acc\u00e8s \u00e0 des rues, quartiers ou typologies difficiles \u00e0 reproduire par la construction nouvelle. Mais l\u2019\u00e2ge du b\u00e2ti ne constitue pas en soi une prime : la qualit\u00e9 de l\u2019immeuble, les charges, l\u2019\u00e9tat des parties communes et la demande pour la typologie restent essentiels.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-00e0c91f4b4eebe5843bcf9130ab6c42 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">\u00c0 l\u2019inverse, un programme neuf peut b\u00e9n\u00e9ficier d\u2019un environnement en transformation et d\u2019\u00e9quipements nouveaux, mais l\u2019investisseur doit distinguer la valeur d\u00e9j\u00e0 int\u00e9gr\u00e9e au prix commercial de la valeur qui reste r\u00e9ellement \u00e0 cr\u00e9er.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b, .wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b[data-kb-block=\"kb-adv-heading2657_2b5a08-6b\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b[data-kb-block=\"kb-adv-heading2657_2b5a08-6b\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b[data-kb-block=\"kb-adv-heading2657_2b5a08-6b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b, .wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b[data-kb-block=\"kb-adv-heading2657_2b5a08-6b\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b, .wp-block-kadence-advancedheading.kt-adv-heading2657_2b5a08-6b[data-kb-block=\"kb-adv-heading2657_2b5a08-6b\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_2b5a08-6b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_2b5a08-6b\"><strong>5. Rendement : \u00e9viter les conclusions automatiques<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-c79b1c3d1740a828e74e3789c0611589 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">On suppose souvent que l\u2019ancien offre syst\u00e9matiquement un meilleur rendement parce que son prix d\u2019achat est inf\u00e9rieur, et que le neuf offre un rendement plus faible en \u00e9change de moins de travaux. Cette g\u00e9n\u00e9ralisation peut \u00eatre trompeuse.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-9d844dc01010c9337fbe004b7cbd8045 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Le rendement d\u00e9pend du prix total investi, du loyer r\u00e9ellement soutenable, des charges, de la vacance, du financement, de la fiscalit\u00e9 applicable et du capital suppl\u00e9mentaire n\u00e9cessaire. Un actif ancien achet\u00e9 trop cher ou lourdement r\u00e9nov\u00e9 peut \u00eatre moins rentable qu\u2019un actif neuf bien acquis.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_072518-84, .wp-block-kadence-advancedheading.kt-adv-heading2657_072518-84[data-kb-block=\"kb-adv-heading2657_072518-84\"]{padding-left:var(--global-kb-spacing-lg, 3rem);font-size:20px;font-weight:400;font-style:normal;font-family:'Bona Nova';color:#00030a;}.wp-block-kadence-advancedheading.kt-adv-heading2657_072518-84 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_072518-84[data-kb-block=\"kb-adv-heading2657_072518-84\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_072518-84 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_072518-84[data-kb-block=\"kb-adv-heading2657_072518-84\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h3 class=\"kt-adv-heading2657_072518-84 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_072518-84\"><strong>Comparer plusieurs indicateurs<\/strong><\/h3>\n\n\n\n<div class=\"wp-block-columns is-not-stacked-on-mobile wp-container-content-ebf6bc82 is-layout-flex wp-container-core-columns-is-layout-acafa515 wp-block-columns-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--40);padding-top:var(--wp--preset--spacing--20);padding-right:0;padding-bottom:var(--wp--preset--spacing--20);padding-left:0\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><style>.wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62, .wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62[data-kb-block=\"kb-adv-heading2657_ff6684-62\"]{padding-left:var(--global-kb-spacing-xs, 1rem);font-size:44px;font-style:normal;letter-spacing:-5px;text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62[data-kb-block=\"kb-adv-heading2657_ff6684-62\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62[data-kb-block=\"kb-adv-heading2657_ff6684-62\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62, .wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62[data-kb-block=\"kb-adv-heading2657_ff6684-62\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62, .wp-block-kadence-advancedheading.kt-adv-heading2657_ff6684-62[data-kb-block=\"kb-adv-heading2657_ff6684-62\"]{text-shadow:3px 2px 2px var(--global-palette12, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_ff6684-62 hostinger-ai-title wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_ff6684-62\"><\/h2>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"border-left-color:#c8a044;border-left-style:solid;border-left-width:4px\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center has-border-color has-theme-palette-9-border-color has-small-font-size is-layout-constrained wp-container-core-column-is-layout-4d0e3ca7 wp-block-column-is-layout-constrained\" style=\"padding-right:var(--wp--preset--spacing--70);flex-basis:85%\">\n<p class=\"has-text-color has-background has-link-color wp-elements-4332bf09537772f01c77b6cc8eecacc5 wp-block-paragraph\" style=\"color:#022280;background-color:#ede3c885;padding-right:0;padding-left:var(--wp--preset--spacing--30);font-size:17px;line-height:1.5\">Rendement brut ; rendement net ; cash-flow ; rendement des fonds propres ; TRI sur l\u2019horizon de d\u00e9tention ; et sensibilit\u00e9 aux hypoth\u00e8ses de loyer, travaux, taux et valeur de sortie.<\/p>\n<\/div>\n<\/div>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07, .wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07[data-kb-block=\"kb-adv-heading2657_693d68-07\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07[data-kb-block=\"kb-adv-heading2657_693d68-07\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07[data-kb-block=\"kb-adv-heading2657_693d68-07\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07, .wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07[data-kb-block=\"kb-adv-heading2657_693d68-07\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07, .wp-block-kadence-advancedheading.kt-adv-heading2657_693d68-07[data-kb-block=\"kb-adv-heading2657_693d68-07\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_693d68-07 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_693d68-07\"><strong>6. DPE et performance \u00e9nerg\u00e9tique : avantage structurel au neuf, potentiel de cr\u00e9ation de valeur dans l\u2019ancien<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-fee4f3c5a1a1b53ebcea87e167818eb9 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La r\u00e9glementation \u00e9nerg\u00e9tique renforce l\u2019importance de la qualit\u00e9 du b\u00e2ti dans l\u2019investissement locatif. Un logement neuf b\u00e9n\u00e9ficie normalement d\u2019un niveau de performance coh\u00e9rent avec les normes applicables \u00e0 sa construction, ce qui r\u00e9duit le risque de travaux \u00e9nerg\u00e9tiques imm\u00e9diats.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-d149dcd126235d6a23b56a7044b8458b wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Dans l\u2019ancien, un DPE faible peut repr\u00e9senter une contrainte importante, mais aussi une source de d\u00e9cote \u00e0 l&rsquo;achat et de cr\u00e9ation de valeur si la r\u00e9novation est techniquement faisable et \u00e9conomiquement justifi\u00e9e. L\u2019investisseur doit mesurer le co\u00fbt, le d\u00e9lai et l\u2019am\u00e9lioration r\u00e9ellement atteignable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/dpe-investissement-locatif-risques\/\" data-type=\"page\" data-id=\"2616\"><strong>DPE et investissement locatif : quels risques pour l\u2019investisseur ?<\/strong><\/a><\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99, .wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99[data-kb-block=\"kb-adv-heading2657_0a33b2-99\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99[data-kb-block=\"kb-adv-heading2657_0a33b2-99\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99[data-kb-block=\"kb-adv-heading2657_0a33b2-99\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99, .wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99[data-kb-block=\"kb-adv-heading2657_0a33b2-99\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99, .wp-block-kadence-advancedheading.kt-adv-heading2657_0a33b2-99[data-kb-block=\"kb-adv-heading2657_0a33b2-99\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_0a33b2-99 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_0a33b2-99\"><strong>7. Cr\u00e9ation de valeur : deux mod\u00e8les diff\u00e9rents<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-86a46ed482eaf7a87397ba78d844fb10 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Dans l\u2019ancien, la cr\u00e9ation de valeur peut \u00eatre plus directement li\u00e9e \u00e0 l\u2019intervention de l\u2019investisseur : r\u00e9novation, redistribution, am\u00e9lioration \u00e9nerg\u00e9tique, repositionnement et meilleure commercialisation. Le r\u00e9sultat d\u00e9pend fortement de la qualit\u00e9 de l\u2019ex\u00e9cution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px\"><a href=\"https:\/\/magenta2i.com\/revaloriser-actif-residentiel\/\" data-type=\"page\" data-id=\"2603\"><strong>Comment revaloriser un actif immobilier r\u00e9sidentiel ?<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-6131638fd53dd1f10642ad55abe84c8c wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Dans le neuf, l\u2019investisseur ach\u00e8te g\u00e9n\u00e9ralement un produit plus standardis\u00e9 et d\u00e9j\u00e0 positionn\u00e9 par le promoteur. La cr\u00e9ation de valeur d\u00e9pend alors davantage du prix d\u2019entr\u00e9e, de la qualit\u00e9 de l\u2019emplacement, de l\u2019\u00e9volution du march\u00e9, de la demande locative et de la raret\u00e9 future du produit.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99, .wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99[data-kb-block=\"kb-adv-heading2657_f11f98-99\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99[data-kb-block=\"kb-adv-heading2657_f11f98-99\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99[data-kb-block=\"kb-adv-heading2657_f11f98-99\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99, .wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99[data-kb-block=\"kb-adv-heading2657_f11f98-99\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99, .wp-block-kadence-advancedheading.kt-adv-heading2657_f11f98-99[data-kb-block=\"kb-adv-heading2657_f11f98-99\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_f11f98-99 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_f11f98-99\"><strong>8. Temps et risque d\u2019ex\u00e9cution : travaux contre livraison<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-85995dc98d4aa109ad3639921480cce9 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Les deux strat\u00e9gies comportent un risque de calendrier, mais sa nature diff\u00e8re. Dans l\u2019ancien avec r\u00e9novation, l\u2019investisseur ma\u00eetrise davantage le projet mais supporte le risque de d\u00e9couverte, de devis, d\u2019entreprise, d\u2019approvisionnement et de chantier. Dans une VEFA, la construction est pilot\u00e9e par le promoteur, mais l\u2019investisseur d\u00e9pend du calendrier de livraison et peut supporter des co\u00fbts de financement avant de percevoir un revenu.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-d02c823225a8fc3305db2d9b9a05380a wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Le mod\u00e8le financier doit donc int\u00e9grer le temps jusqu\u2019\u00e0 la premi\u00e8re mise en location ou jusqu\u2019\u00e0 la revente, ainsi qu\u2019un sc\u00e9nario de retard.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b, .wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b[data-kb-block=\"kb-adv-heading2657_ec6fbb-8b\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b[data-kb-block=\"kb-adv-heading2657_ec6fbb-8b\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b[data-kb-block=\"kb-adv-heading2657_ec6fbb-8b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b, .wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b[data-kb-block=\"kb-adv-heading2657_ec6fbb-8b\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b, .wp-block-kadence-advancedheading.kt-adv-heading2657_ec6fbb-8b[data-kb-block=\"kb-adv-heading2657_ec6fbb-8b\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_ec6fbb-8b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_ec6fbb-8b\"><strong>9. Fiscalit\u00e9 : analyser les r\u00e8gles actuelles sans laisser l\u2019avantage fiscal piloter l\u2019achat<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-14948649ad51918f90bc25556d4ec20c wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La fiscalit\u00e9 immobili\u00e8re \u00e9volue r\u00e9guli\u00e8rement et peut diff\u00e9rer selon la nature du bien, le r\u00e9gime de location, les travaux, la situation de l\u2019investisseur et les dispositifs en vigueur. En 2026, le cadre fran\u00e7ais comprend notamment de nouveaux m\u00e9canismes d\u2019amortissement locatif sous conditions pour certaines acquisitions dans le neuf et dans l\u2019ancien avec travaux.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-d74007d23c39b2a133690174fd49fead wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Un avantage fiscal peut am\u00e9liorer l\u2019\u00e9conomie d\u2019un projet, mais il ne corrige pas un mauvais emplacement, un prix excessif, une demande locative faible ou une hypoth\u00e8se de sortie irr\u00e9aliste. La d\u00e9cision doit d\u2019abord fonctionner \u00e9conomiquement avant fiscalit\u00e9, puis \u00eatre optimis\u00e9e avec le conseil fiscal appropri\u00e9.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-0b5371f1d7f2def8bd0f5b61821be6b5 wp-block-paragraph\" style=\"color:#022280;margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80);font-size:15px;line-height:1.5\"><strong>Note : <\/strong>ces dispositifs fiscaux sont expos\u00e9s \u00e0 des changements consid\u00e9rables d&rsquo;une l\u00e9gislature \u00e0 l&rsquo;autre: &nbsp;notre lecteur est invit\u00e9 \u00e0 v\u00e9rifier les conditions d\u2019\u00e9ligibilit\u00e9 tout comme les caract\u00e9ristiques (b\u00e9n\u00e9fices fiscaux vs contraintes financi\u00e8res) associ\u00e9es au type d&rsquo;investissement consid\u00e9r\u00e9. Avant toute d\u00e9cision d&rsquo;investissement, le calcul de la rentabilit\u00e9 doit \u00eatre r\u00e9alis\u00e9 \u00e0 plusieurs niveaux (rendement de l&rsquo;investissement et fiscalit\u00e9 personnelle) et pr\u00e9sente par cons\u00e9quent une certaine complexit\u00e9 justifiant le recours \u00e0 un conseil fiscal appropri\u00e9.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8, .wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8[data-kb-block=\"kb-adv-heading2657_c6103f-e8\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8[data-kb-block=\"kb-adv-heading2657_c6103f-e8\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8[data-kb-block=\"kb-adv-heading2657_c6103f-e8\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8, .wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8[data-kb-block=\"kb-adv-heading2657_c6103f-e8\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8, .wp-block-kadence-advancedheading.kt-adv-heading2657_c6103f-e8[data-kb-block=\"kb-adv-heading2657_c6103f-e8\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_c6103f-e8 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_c6103f-e8\"><strong>10. Liquidit\u00e9 et strat\u00e9gie de sortie<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-0fb7608936835b4f96e0cfb93ff5aaa4 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">La sortie d\u00e9pend moins de l\u2019\u00e9tiquette \u00ab ancien \u00bb ou \u00ab neuf \u00bb que de la profondeur de la demande pour le produit. Un appartement ancien bien situ\u00e9, correctement r\u00e9nov\u00e9 et dans une gamme de prix liquide peut disposer d\u2019un march\u00e9 de revente tr\u00e8s profond. Un logement neuf mal positionn\u00e9 ou acquis avec une prime excessive peut au contraire \u00eatre difficile \u00e0 revendre sans d\u00e9cote.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-aa2f8b1fe14f79eef94c3a6b1f442e0f wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">L\u2019investisseur doit donc examiner la taille du march\u00e9 d\u2019acqu\u00e9reurs potentiels, le prix absolu du bien, la typologie, la qualit\u00e9 de l\u2019immeuble, les charges, la performance \u00e9nerg\u00e9tique et la concurrence attendue au moment de la sortie.<\/p>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7, .wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7[data-kb-block=\"kb-adv-heading2657_e6966e-d7\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7[data-kb-block=\"kb-adv-heading2657_e6966e-d7\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7[data-kb-block=\"kb-adv-heading2657_e6966e-d7\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7, .wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7[data-kb-block=\"kb-adv-heading2657_e6966e-d7\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7, .wp-block-kadence-advancedheading.kt-adv-heading2657_e6966e-d7[data-kb-block=\"kb-adv-heading2657_e6966e-d7\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_e6966e-d7 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_e6966e-d7\"><strong>11. Tableau d\u2019arbitrage : ancien versus neuf<\/strong><\/h2>\n\n\n<style>.kb-table-container2657_bd6b6b-26{color:#022280;margin-right:var(--global-kb-spacing-lg, 3rem);margin-left:var(--global-kb-spacing-md, 2rem);overflow-x:auto;}.kb-table-container .kb-table2657_bd6b6b-26 th{padding-top:var(--global-kb-spacing-xxs, 0.5rem);padding-right:var(--global-kb-spacing-xxs, 0.5rem);padding-bottom:var(--global-kb-spacing-xxs, 0.5rem);padding-left:var(--global-kb-spacing-xxs, 0.5rem);text-align:center;}.kb-table-container .kb-table2657_bd6b6b-26 caption{text-align:center;}.kb-table-container .kb-table2657_bd6b6b-26 td{padding-top:var(--global-kb-spacing-xxs, 0.5rem);padding-right:var(--global-kb-spacing-xxs, 0.5rem);padding-bottom:var(--global-kb-spacing-xxs, 0.5rem);padding-left:var(--global-kb-spacing-xxs, 0.5rem);text-align:left;}.kb-table-container .kb-table2657_bd6b6b-26 tr:nth-of-type(even){background-color:rgba(252,241,209,0.33);}<\/style><div class=\"kb-table-container kb-table-container2657_bd6b6b-26 wp-block-kadence-table\"><table class=\"kb-table kb-table2657_bd6b6b-26\">\n<tr class=\"kb-table-row kb-table-row2657_de4cd1-21\">\n<td  class=\"kb-table-data kb-table-data2657_d9c5c2-77\">\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Dimension<\/strong><\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_5b90e3-1f\">\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Ancien<\/strong><\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_185d17-19\">\n\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Neuf \/ VEFA<\/strong><\/p>\n\n<\/td>\n<\/tr>\n\n<tr class=\"kb-table-row kb-table-row2657_740f47-e3\">\n<td  class=\"kb-table-data kb-table-data2657_3f0d2c-64\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-00ee2d3345f6bbef14fedb015ed2aafc wp-block-paragraph\" style=\"color:#022280\">Prix &amp; frais<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_75c1cb-01\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-39664794bc3cadc1eee383bc3b05d2fa wp-block-paragraph\" style=\"color:#022280\">Prix parfois plus n\u00e9gociable ; frais de mutation et travaux \u00e0 int\u00e9grer.<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_11172e-17\">\n\n<p class=\"has-text-color has-link-color wp-elements-4c4ad2785e68be34078d45c977d40ef6 wp-block-paragraph\" style=\"color:#022280\">Prix souvent commercialis\u00e9 sur grille ; structure de frais diff\u00e9rente.<\/p>\n\n<\/td>\n<\/tr>\n\n<tr class=\"kb-table-row kb-table-row2657_ba9697-86\">\n<td  class=\"kb-table-data kb-table-data2657_f52a26-7f\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-5e081fcf8395d168115d51ce93fc81c5 wp-block-paragraph\" style=\"color:#022280\">Travaux<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_ca1503-92\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-e3dd85c0532ae7dfe51a5c7e9ba45110 wp-block-paragraph\" style=\"color:#022280\">Potentiel de cr\u00e9ation de valeur mais risque d\u2019al\u00e9as.<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_be43d4-e6\">\n\n<p class=\"has-text-color has-link-color wp-elements-d4ef42f49a5878692cc744eeca159ff5 wp-block-paragraph\" style=\"color:#022280\">Besoin initial limit\u00e9 ; options\/finitions \u00e0 contr\u00f4ler.<\/p>\n\n<\/td>\n<\/tr>\n\n<tr class=\"kb-table-row kb-table-row2657_011140-98\">\n<td  class=\"kb-table-data kb-table-data2657_e065f8-e1\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-cc8dbb04e0763106240889474b5bd145 wp-block-paragraph\" style=\"color:#022280\">\u00c9nergie<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_97256b-45\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-edb8ef7754fd72fb1da992a1a631e55d wp-block-paragraph\" style=\"color:#022280\">Risque DPE mais potentiel de revalorisation.<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_bffa82-59\">\n\n<p class=\"has-text-color has-link-color wp-elements-848244b31e308c667c11c7259de3211b wp-block-paragraph\" style=\"color:#022280\">Performance r\u00e9cente, risque r\u00e9glementaire initial moindre.<\/p>\n\n<\/td>\n<\/tr>\n\n<tr class=\"kb-table-row kb-table-row2657_f32aad-78\">\n<td  class=\"kb-table-data kb-table-data2657_9ea2f1-29\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-cc6df7fbcedda8add6e51c10d78c7332 wp-block-paragraph\" style=\"color:#022280\">Calendrier<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_68f5da-45\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-7dc20799b7025e1973f3fbdb1274213c wp-block-paragraph\" style=\"color:#022280\">Disponible rapidement mais chantier \u00e9ventuel.<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_f38bfa-98\">\n\n<p class=\"has-text-color has-link-color wp-elements-fcbacf488876aa3e7dcedc337eea4fa5 wp-block-paragraph\" style=\"color:#022280\">D\u00e9pendance \u00e0 la livraison en VEFA.<\/p>\n\n<\/td>\n<\/tr>\n\n<tr class=\"kb-table-row kb-table-row2657_81d5be-ab\">\n<td  class=\"kb-table-data kb-table-data2657_529aa7-04\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-c7cd6d947ca8dadec8a4545463dc26b2 wp-block-paragraph\" style=\"color:#022280\">Cr\u00e9ation de valeur<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_d1b503-e6\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-b8583f81a91a0e1c87c59a5f6474296f wp-block-paragraph\" style=\"color:#022280\">Forte si achat, r\u00e9novation et repositionnement sont bien ex\u00e9cut\u00e9s.<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_02862c-61\">\n\n<p class=\"has-text-color has-link-color wp-elements-c42f20a6a9bdefb5db37e5442a7b72b8 wp-block-paragraph\" style=\"color:#022280\">Plus d\u00e9pendante du prix d\u2019entr\u00e9e et de l\u2019\u00e9volution du march\u00e9.<\/p>\n\n<\/td>\n<\/tr>\n\n<tr class=\"kb-table-row kb-table-row2657_edb86a-09\">\n<td  class=\"kb-table-data kb-table-data2657_e57d50-90\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-bccf4f981f882110f92224f4eafcb16f wp-block-paragraph\" style=\"color:#022280\">Risque principal<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_43a4a3-42\">\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-9c0ee51e53f6c5e8665734b2d5a4558f wp-block-paragraph\" style=\"color:#022280\">Technique, travaux, copropri\u00e9t\u00e9, obsolescence.<\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_ebb36e-f7\">\n\n<p class=\"has-text-color has-link-color wp-elements-53a0d1bc72386bbadaa79dd0378a24ad wp-block-paragraph\" style=\"color:#022280\">Prime de prix, livraison, standardisation, march\u00e9 de sortie.<\/p>\n\n<\/td>\n<\/tr>\n<\/table><\/div>\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87, .wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87[data-kb-block=\"kb-adv-heading2657_2de01f-87\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87[data-kb-block=\"kb-adv-heading2657_2de01f-87\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87[data-kb-block=\"kb-adv-heading2657_2de01f-87\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87, .wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87[data-kb-block=\"kb-adv-heading2657_2de01f-87\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87, .wp-block-kadence-advancedheading.kt-adv-heading2657_2de01f-87[data-kb-block=\"kb-adv-heading2657_2de01f-87\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_2de01f-87 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_2de01f-87\"><strong>12. La grille d\u2019arbitrage Magenta2I<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-ad9c401a9ddd287ec968384f416e36c3 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Pour comparer deux opportunit\u00e9s, Magenta propose de ramener l\u2019arbitrage \u00e0 six dimensions communes :<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-6198de9b0afb5b15d52771965a4fd94a wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\"><strong>1<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-54012b66a9e030dcb9bfd2c94445db32 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Prix &amp; co\u00fbt complet<\/strong><br>Acquisition, frais, travaux, financement et co\u00fbt du temps.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-a032f033d40960ba565a1c5a9e02fca4 wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">2<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-03a39e34fe8b0528462bf2e5c4b83384 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Qualit\u00e9 &amp; emplacement<\/strong><br>Micro-localisation, produit, immeuble, demande et profondeur de march\u00e9.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-5ac8a524ffe15fd526112a926a3d42fc wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">3<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-400ed757779f56bdd80f6043480db58d wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong><strong>Exploitation<\/strong><\/strong><br>Loyer soutenable, charges, vacance, gestion et performance \u00e9nerg\u00e9tique.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-8c04f05aff82a53a67ad10719d0193b2 wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">4<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-938822e50192228cadf1053371dfb070 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Cr\u00e9ation de valeur<\/strong><br>Travaux, repositionnement, raret\u00e9, potentiel de hausse et contr\u00f4le de l\u2019ex\u00e9cution.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-cc3d58eae6e1a046b2ae09ce78f407d2 wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">5<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-723033ead99145fcb87cd8ac90066099 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Risque &amp; calendrier<\/strong><br>Technique, livraison, chantier, r\u00e9glementation, financement et marge de s\u00e9curit\u00e9.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-516203d3 wp-block-columns-is-layout-flex\" style=\"padding-right:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--80)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:5%\">\n<p class=\"has-text-align-center has-theme-palette-9-color has-text-color has-background has-link-color wp-elements-018d6bf79c052884ce8b5b0c2a3fedcd wp-block-paragraph\" style=\"border-top-left-radius:20px;border-top-right-radius:20px;border-bottom-left-radius:20px;border-bottom-right-radius:20px;background-color:#c7931aa8;font-size:15px\">6<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:95%\">\n<div class=\"wp-block-group\" style=\"line-height:0.8\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-color has-link-color wp-elements-a9bc873f82a0890048be2c8c9730d053 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Sortie <\/strong><br>Liquidit\u00e9, valeur future, client\u00e8le d\u2019acqu\u00e9reurs et TRI sur l\u2019horizon envisag\u00e9.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b, .wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b[data-kb-block=\"kb-adv-heading2657_87b998-7b\"]{padding-top:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);text-align:left;font-size:25px;font-weight:400;font-style:normal;font-family:'Mate SC';color:#e0a929;text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}.wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b[data-kb-block=\"kb-adv-heading2657_87b998-7b\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b[data-kb-block=\"kb-adv-heading2657_87b998-7b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}@media all and (max-width: 1024px){.wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b, .wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b[data-kb-block=\"kb-adv-heading2657_87b998-7b\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}@media all and (max-width: 767px){.wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b, .wp-block-kadence-advancedheading.kt-adv-heading2657_87b998-7b[data-kb-block=\"kb-adv-heading2657_87b998-7b\"]{text-shadow:1px 1px 1px var(--global-palette1, #3182CE);}}<\/style>\n<h2 class=\"kt-adv-heading2657_87b998-7b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_87b998-7b\"><strong>   Conclusion : choisir une strat\u00e9gie, pas une cat\u00e9gorie<\/strong><\/h2>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-c85cb7146290a41b6551d66d1f798e85 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">L\u2019ancien et le neuf ne doivent pas \u00eatre oppos\u00e9s de mani\u00e8re abstraite. L\u2019ancien peut offrir davantage de leviers de transformation et de cr\u00e9ation de valeur, au prix d\u2019un risque technique et op\u00e9rationnel sup\u00e9rieur. Le neuf peut offrir davantage de visibilit\u00e9 sur l\u2019\u00e9tat initial et la performance \u00e9nerg\u00e9tique, mais l\u2019investisseur doit challenger le prix d\u2019entr\u00e9e, le d\u00e9lai et la profondeur du march\u00e9 de sortie.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-67804f846346e5f20c16d6a1e8c29be4 wp-block-paragraph\" style=\"color:#022280;padding-right:var(--wp--preset--spacing--50);padding-left:var(--wp--preset--spacing--60);font-size:17px;line-height:1.5\">Le bon choix est celui qui offre le meilleur couple rendement-risque pour une strat\u00e9gie donn\u00e9e, apr\u00e8s prise en compte de tous les capitaux engag\u00e9s et de sc\u00e9narios r\u00e9alistes. Autrement dit, l\u2019investisseur ne devrait pas d\u00e9cider \u00ab ancien ou neuf ? \u00bb avant d\u2019avoir r\u00e9pondu \u00e0 une question plus importante : o\u00f9 se situe la cr\u00e9ation de valeur, et suis-je suffisamment r\u00e9mun\u00e9r\u00e9 pour les risques que je prends ?<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><\/div>\n\n\n\n<div class=\"wp-block-column has-border-color has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"border-color:#f1d18a;background-color:#ede3c885;padding-top:var(--wp--preset--spacing--60);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--60);padding-left:var(--wp--preset--spacing--50);flex-basis:80%\">\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-34243e120aaef6e09d0b5720224f0cfb wp-block-paragraph\" style=\"color:#022280;line-height:1.5\"><strong>Vous h\u00e9sitez entre une acquisition dans l\u2019ancien et un programme neuf ?<br>Magenta Immobilier Investissements accompagne investisseurs et propri\u00e9taires<br>dans la comparaison des opportunit\u00e9s, l\u2019analyse du co\u00fbt complet, de la rentabilit\u00e9,<br>des risques et des sc\u00e9narios de cr\u00e9ation de valeur.<\/strong><\/p>\n\n\n<style>.wp-block-kadence-advancedbtn.kb-btns2657_2878e7-02{gap:var(--global-kb-gap-xs, 0.5rem );justify-content:center;align-items:center;}.kt-btns2657_2878e7-02 .kt-button{font-weight:normal;font-style:normal;}.kt-btns2657_2878e7-02 .kt-btn-wrap-0{margin-right:5px;}.wp-block-kadence-advancedbtn.kt-btns2657_2878e7-02 .kt-btn-wrap-0 .kt-button{color:#555555;border-color:#555555;}.wp-block-kadence-advancedbtn.kt-btns2657_2878e7-02 .kt-btn-wrap-0 .kt-button:hover, .wp-block-kadence-advancedbtn.kt-btns2657_2878e7-02 .kt-btn-wrap-0 .kt-button:focus{color:#ffffff;border-color:#444444;}.wp-block-kadence-advancedbtn.kt-btns2657_2878e7-02 .kt-btn-wrap-0 .kt-button::before{display:none;}.wp-block-kadence-advancedbtn.kt-btns2657_2878e7-02 .kt-btn-wrap-0 .kt-button:hover, .wp-block-kadence-advancedbtn.kt-btns2657_2878e7-02 .kt-btn-wrap-0 .kt-button:focus{background:#444444;}<\/style>\n<div class=\"wp-block-kadence-advancedbtn kb-buttons-wrap kb-btns2657_2878e7-02\"><style>ul.menu .wp-block-kadence-advancedbtn .kb-btn2657_e9ee70-04.kb-button{width:initial;}.wp-block-kadence-advancedbtn .kb-btn2657_e9ee70-04.kb-button{color:#f1d18a;background:radial-gradient(circle at center top,rgb(6,147,227) 0%,rgb(20,39,109) 100%) !important;font-family:'Mate SC';font-weight:400;border-top-left-radius:15px;border-top-right-radius:15px;border-bottom-right-radius:15px;border-bottom-left-radius:15px;border-top-color:rgba(236,188,79,0.99);border-top-style:solid;border-right-color:rgba(236,188,79,0.99);border-right-style:solid;border-bottom-color:rgba(236,188,79,0.99);border-bottom-style:solid;border-left-color:rgba(236,188,79,0.99);border-left-style:solid;}.wp-block-kadence-advancedbtn .kb-btn2657_e9ee70-04.kb-button:hover, .wp-block-kadence-advancedbtn .kb-btn2657_e9ee70-04.kb-button:focus{color:var(--global-palette9, #ffffff);}.kb-btn2657_e9ee70-04.kb-button::before{background:radial-gradient(circle at right bottom,rgb(6,147,227) 0%,rgb(20,39,109) 100%);-webkit-transition:opacity .3s ease-in-out;-moz-transition:opacity .3s ease-in-out;transition:opacity .3s ease-in-out;}@media all and (max-width: 1024px){.wp-block-kadence-advancedbtn .kb-btn2657_e9ee70-04.kb-button{border-top-color:rgba(236,188,79,0.99);border-top-style:solid;border-right-color:rgba(236,188,79,0.99);border-right-style:solid;border-bottom-color:rgba(236,188,79,0.99);border-bottom-style:solid;border-left-color:rgba(236,188,79,0.99);border-left-style:solid;}}@media all and (max-width: 767px){.wp-block-kadence-advancedbtn .kb-btn2657_e9ee70-04.kb-button{border-top-color:rgba(236,188,79,0.99);border-top-style:solid;border-right-color:rgba(236,188,79,0.99);border-right-style:solid;border-bottom-color:rgba(236,188,79,0.99);border-bottom-style:solid;border-left-color:rgba(236,188,79,0.99);border-left-style:solid;}}<\/style><a class=\"kb-button kt-button button kb-btn2657_e9ee70-04 kt-btn-size-large kt-btn-width-type-auto kb-btn-global-outline kt-btn-has-text-true kt-btn-has-svg-false wp-block-kadence-singlebtn\" href=\"https:\/\/magenta2i.com\/nos-offres-et-services\/\"><span class=\"kt-btn-inner-text\"><strong>\u00c9changer sur votre projet<\/strong><\/span><\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Immobilier ancien ou neuf : quels arbitrages pour un investisseur ? Faut-il privil\u00e9gier un logement ancien \u00e0 r\u00e9nover ou un logement neuf pr\u00eat \u00e0 \u00eatre livr\u00e9 ? La comparaison est souvent pr\u00e9sent\u00e9e sous forme d\u2019avantages et d\u2019inconv\u00e9nients g\u00e9n\u00e9riques. Pour un investisseur, cette approche est insuffisante. Deux actifs situ\u00e9s dans des march\u00e9s diff\u00e9rents, acquis \u00e0 des&#8230;<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"class_list":["post-2657","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages\/2657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/comments?post=2657"}],"version-history":[{"count":18,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages\/2657\/revisions"}],"predecessor-version":[{"id":2773,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages\/2657\/revisions\/2773"}],"wp:attachment":[{"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/media?parent=2657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}