{"id":2657,"date":"2026-08-21T19:48:36","date_gmt":"2026-08-21T17:48:36","guid":{"rendered":"https:\/\/magenta2i.com\/?page_id=2657"},"modified":"2026-08-28T20:31:11","modified_gmt":"2026-08-28T18:31:11","slug":"old-vs-new-property-investment","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-1 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-2 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-3 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-4 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-5 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-6 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-7 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-8 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-9 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-10 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-11 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-12 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-13 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-14 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-15 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-16 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-17 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-18 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<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_752d5b-8b, .wp-block-kadence-advancedheading.kt-adv-heading2657_752d5b-8b[data-kb-block=\"kb-adv-heading2657_752d5b-8b\"]{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_752d5b-8b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_752d5b-8b[data-kb-block=\"kb-adv-heading2657_752d5b-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_752d5b-8b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_752d5b-8b[data-kb-block=\"kb-adv-heading2657_752d5b-8b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2657_752d5b-8b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_752d5b-8b\">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 <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#vefa\" data-type=\"link\" data-id=\"https:\/\/magenta2i.com\/lexique\/#vefa\">VEFA<\/a><\/strong>, 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-19 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-20 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-21 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-22 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-23 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-24 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<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_67366d-2b, .wp-block-kadence-advancedheading.kt-adv-heading2657_67366d-2b[data-kb-block=\"kb-adv-heading2657_67366d-2b\"]{padding-right:17px;padding-left:36px;text-align:center;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_67366d-2b mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_67366d-2b[data-kb-block=\"kb-adv-heading2657_67366d-2b\"] 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_67366d-2b img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_67366d-2b[data-kb-block=\"kb-adv-heading2657_67366d-2b\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2657_67366d-2b wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_67366d-2b\"><strong>Dimension<\/strong><\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_5b90e3-1f\">\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_494ef6-b1, .wp-block-kadence-advancedheading.kt-adv-heading2657_494ef6-b1[data-kb-block=\"kb-adv-heading2657_494ef6-b1\"]{padding-right:17px;padding-left:36px;text-align:center;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_494ef6-b1 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_494ef6-b1[data-kb-block=\"kb-adv-heading2657_494ef6-b1\"] 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_494ef6-b1 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_494ef6-b1[data-kb-block=\"kb-adv-heading2657_494ef6-b1\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2657_494ef6-b1 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_494ef6-b1\"><strong>Ancien<\/strong><\/p>\n\n<\/td>\n\n<td  class=\"kb-table-data kb-table-data2657_185d17-19\">\n<style>.wp-block-kadence-advancedheading.kt-adv-heading2657_7dca19-c4, .wp-block-kadence-advancedheading.kt-adv-heading2657_7dca19-c4[data-kb-block=\"kb-adv-heading2657_7dca19-c4\"]{padding-right:17px;padding-left:36px;text-align:center;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_7dca19-c4 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading2657_7dca19-c4[data-kb-block=\"kb-adv-heading2657_7dca19-c4\"] 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_7dca19-c4 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading2657_7dca19-c4[data-kb-block=\"kb-adv-heading2657_7dca19-c4\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<p class=\"kt-adv-heading2657_7dca19-c4 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading2657_7dca19-c4\"><strong>Neuf \/ <a href=\"https:\/\/magenta2i.com\/lexique\/#vefa\" data-type=\"link\" data-id=\"https:\/\/magenta2i.com\/lexique\/#vefa\">VEFA<\/a><\/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-25 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-26 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-27 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-28 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-29 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-30 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-31 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-32 wp-block-paragraph\" style=\"color:#022280\">Risque <strong><a href=\"https:\/\/magenta2i.com\/lexique\/#dpe\" data-type=\"link\" data-id=\"https:\/\/magenta2i.com\/lexique\/#dpe\">DPE<\/a><\/strong> 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-33 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-34 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-35 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-36 wp-block-paragraph\" style=\"color:#022280\">D\u00e9pendance \u00e0 la livraison en <a href=\"https:\/\/magenta2i.com\/lexique\/#vefa\" data-type=\"link\" data-id=\"https:\/\/magenta2i.com\/lexique\/#vefa\"><strong>VEFA<\/strong><\/a>.<\/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-37 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-38 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-39 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-40 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-41 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-42 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-43 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-44 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-45 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-46 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-47 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-48 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-49 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-50 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-51 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-52 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-53 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-54 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-55 wp-block-paragraph\" style=\"color:#022280;line-height:1.3\"><strong>Sortie <\/strong><br>Liquidit\u00e9, valeur future, client\u00e8le d\u2019acqu\u00e9reurs et <strong><a href=\"https:\/\/magenta2i.com\/comment-evaluer-la-rentabilite-dun-investissement-immobilier\/#tri\" data-type=\"page\" data-id=\"2215\">TRI<\/a><\/strong> 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-56 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-57 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-58 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":24,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages\/2657\/revisions"}],"predecessor-version":[{"id":2822,"href":"https:\/\/magenta2i.com\/en\/wp-json\/wp\/v2\/pages\/2657\/revisions\/2822"}],"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}]}}