# Buy better, invest with the right scheme. > Handee guide to buying a new or existing home, preparing a buy-to-sell, and comparing primary residence, LMNP, Jeanbrun, LLI, bare ownership, Denormandie and heritage schemes across France. New-build · resale · investment · buy-to-sell Primary residence, new-build or resale home, buy-to-sell, LMNP, Jeanbrun, LLI, bare ownership: compare options before reserving, signing or selling your current property. Explore solutionsSimulate my yield[Talk to an advisor](/en/conseillers-immobiliers) Typical gross yield 3-8% Possible tax under actual-cost LMNP 0 euro Buying, selling and buy-to-sell existing + new Reduced VAT on some LLI schemes 10% Primary residence Buy-to-sell LMNP and accounting depreciation Jeanbrun and housing stimulus Bare ownership and split ownership LLI and 10% VAT Renovated existing homes and Denormandie Malraux and heritage Primary residence Buy-to-sell LMNP and accounting depreciation Jeanbrun and housing stimulus Bare ownership and split ownership LLI and 10% VAT Renovated existing homes and Denormandie Malraux and heritage Complete guide ## Every path to buy or invest. Filter schemes and compare primary residence, rental investment, renovated resale, wealth building and closed schemes to understand alternatives. All Primary residence Furnished rental Tax relief Heritage Social / mid-market Existing homes and renovation Closed Life project Live in New or existing Buy-to-sell ### Primary residence Choose between a new-build or existing home, buy-to-sell, notary fees, financing and the signing timeline. - Compare new-build, existing homes and support schemes - Prepare financing, resale and timeline - Avoid mistakes before reserving or signing a preliminary agreement Search[Guide](/en/achat-logement/residence-principale/guide) View in comparator Active 5.5% VAT New-build Home ownership ### Reduced 5.5% VAT Understand the zones, income conditions and holding rules for buying a new home with reduced VAT. - Immediate saving on the all-in price - ANRU zones and priority neighborhoods - Conditions to check before making an offer Search[Guide](/en/achat-logement/residence-principale/tva-55) Purchase aid PTZ Financing First-time buyer ### Zero-interest loan Find out whether the PTZ can top up your financing for a new-build or existing home with works, depending on your profile. - Interest-free loan subject to conditions - Direct impact on purchasing power - Can support a buy-to-sell journey Search[Guide](/en/achat-logement/residence-principale/ptz) Home ownership BRS Reduced price Home ownership ### Real Solidarity Lease Buy the building and lease the land to lower the purchase price in areas where home ownership is under pressure. - Below-market price - Regulated, secure resale - A useful solution in high-demand areas Search[Guide](/en/achat-logement/residence-principale/brs) Very popular Furnished BIC (Business Identifier Code) New or existing ### LMNP Non-professional furnished rental, accounting depreciation and BIC income to invest in new-build or existing property. - Depreciation of the property and furniture - Income potentially tax-neutral - Actual-cost regime or micro-BIC Search[Guide](/en/achat-logement/investissement/lmnp) View in comparator New Housing stimulus Unfurnished rental Taxation ### Jeanbrun Housing stimulus scheme for private landlords, with a rental commitment and a tax deduction on property income. - Deduction on property income - Long-term rental commitment - Rent and income ceilings Search[Guide](/en/achat-logement/investissement/jeanbrun) View in comparator Wealth Split ownership Inheritance Discount ### Bare ownership Buy at a discount by temporarily separating bare ownership and usufruct, with no rental management during the period. - Reduced purchase price - No management during the usufruct - IFI optimization and wealth transfer Search[Guide](/en/achat-logement/investissement/nue-propriete) View in comparator Active Serviced residence Commercial lease Management ### Managed furnished rental Invest in a serviced residence with an operator, a commercial lease and delegated management. - Management delegated to an operator - Contracted rental income - Lease terms to audit carefully Search[Guide](/en/achat-logement/investissement/lmnp-service) Active Property income Rental deficit Existing ### Unfurnished rental Classic rental investment with property income, micro-foncier or actual-cost regime and possible rental deficit. - More stable 3-year lease - Rental deficit subject to conditions - Compatible with some renovation strategies Search[Guide](/en/achat-logement/investissement/location-nue) View in comparator New 10% VAT Mid-market rent High-demand areas ### LLI Mid-market rental scheme with reduced VAT and capped rents to meet demand in high-pressure areas. - Reduced VAT on purchase - Below-market rents - A useful framework for responsible investing Search[Guide](/en/achat-logement/investissement/lli) View in comparator Existing Renovated existing Works Taxation ### Denormandie Invest in existing homes to renovate in selected towns, with works making up a significant share of the operation. - Works at the heart of the strategy - Towns targeted for revitalization - Compare with new-build and LMNP Search[Guide](/en/achat-logement/investissement/denormandie) Heritage Heritage Existing Restoration ### Malraux Tax reduction tied to the restoration of historic existing properties in protected areas. - Regulated restoration works - Scheme aimed at high earners - Strong heritage requirements Search[Guide](/en/achat-logement/investissement/malraux) Heritage Listed Works Deduction ### Historic Monument Works deducted from overall income for certain listed or registered properties, with a long holding period. - Works potentially highly deductible - Long holding period - Audit essential before buying Search[Guide](/en/achat-logement/investissement/monument-historique) Closed 2024 Closed Historical Alternatives ### Pinel Historical guide to the closed Pinel scheme, useful for understanding ongoing commitments and alternatives. - No longer open to new investments - Existing commitments to monitor - Alternatives: LMNP, Jeanbrun, LLI Search[Guide](/en/achat-logement/investissement/pinel) Detailed guides ## The most common scenarios. Primary residence LMNP Jeanbrun Bare ownership LLI Unfurnished rental Depreciation, BIC and rental income optimization. ### LMNP, the most widely used furnished-rental scheme. LMNP lets you rent out a furnished home under BIC taxation. Under the actual-cost regime, accounting depreciation can sharply reduce the taxable base for several years. #### Advantages - Depreciation of the property, furniture and certain costs. - Available for new-build, existing homes or managed residences. - Often clearer than closed tax-reduction schemes. #### Points to watch - Choosing micro-BIC or actual-cost depends on your expenses and holding period. - In a managed residence, the commercial lease must be read carefully. Comparison table ## Compare at a glance. Scheme Benefit Property type Duration Status Primary residence PTZ, reduced VAT, BRS possible New, existing, buy-to-sell Life project Active LMNP Accounting depreciation Furnished, new or existing Unlimited Very popular Jeanbrun Property income deduction New-build, mid-market rental Long term New Bare ownership Discount, no rental income New or existing 15 to 20 years Wealth LLI Reduced VAT and capped rents New-build in high-demand areas Long term New Denormandie Reduction with works Renovated existing 6 to 12 years Active Pinel Historical reduction New-build 6 to 12 years Closed 2024 Yield simulator ## Estimate a net tax yield. The simulator follows the prototype approach: price, rent, tax regime and marginal tax rate. It gives a ballpark figure, then an advisor refines charges, vacancy, property tax and resale strategy. ### Gross vs net Gross yield does not account for taxation. Under actual-cost LMNP, net yield can stay close to gross if depreciation offsets tax. ### Personalized review A Handee advisor adds real charges, your tax situation, market liquidity and the impact of a resale. Local search ## Buy or invest in the markets that matter. Local queries are structured for new-build, resale, buy-to-sell and investment in major French metropolitan areas. Paris Ile-de-France View propertiesLyon Auvergne-Rhône-Alpes View propertiesMarseille Provence-Alpes-Côte d'Azur View propertiesBordeaux Nouvelle-Aquitaine View propertiesNantes Pays de la Loire View propertiesToulouse Occitanie View properties Frequently asked questions ## Answers before you choose. Should you buy new or existing? New-build offers warranties, reduced notary fees and energy performance. Existing homes can offer a more central location or a lower entry price, but works, charges and timelines must be factored in. The right decision compares total cost, not just the listed price. How do you manage a buy-to-sell? You need to coordinate the valuation of your current property, the sale timeline, a possible bridging loan and the commitment on the new home. An advisor can frame the scenarios before a reservation or preliminary agreement. LMNP or unfurnished rental: which regime should you choose? Actual-cost LMNP is often attractive thanks to depreciation. Unfurnished rental can make sense with works, a rental deficit or a wealth strategy. The choice depends on your marginal tax rate, the property, expenses and holding period. Pinel has ended — which alternatives should you consider? Alternatives include LMNP, Jeanbrun, LLI, bare ownership, Denormandie or actual-cost unfurnished rental. The goal is not to mechanically replace Pinel, but to choose a setup consistent with your taxation and horizon. Is the Handee service free for buyers? Yes, the first conversation, the project review and advisor support are free for individuals. You can compare solutions and be referred to a certified advisor. Start with a method ## The right home, the right structure, the right timeline. A Handee advisor helps you compare new-build, resale, investment, selling your current property and financing before you commit. Find a home[Talk to an advisor](/en/conseillers-immobiliers) ## HTML / llms.txt - [HTML](https://handee.fr/en/achat-logement) - [llms.txt](https://handee.fr/en/achat-logement/llms.txt)