House-hunting is no easy journey, especially once you find that there's a limited inventory of previously-owned homes in the housing market. If you’re a first-time home buyer, you might find that a new construction house is one of your viable options to finally achieve your homeownership dream. According to the National Association of Home Builders, a full one-third of inventory on the market is now new construction homes. But if your knowledge of these newly-built homes is still clouded with a lot of misconceptions, we might be able to help set the record straight so you can make a wiser choice based on facts, and decide on the home that's best for you and your family. **The truth:** While they technically cost more upfront, if you look beyond the price tag, you can take into account what you can save by not having to replace, upgrade, or bring to code elements of the home anytime soon. **The truth:** Financing a new home can often be easier and simpler. Many reputable builders maintain relationships and/or partnerships with lenders, who tend to be more flexible when it comes to a newly-built home since it translates to less risk compared to a previously-owned home. **The truth:** While they do take time to be built—about seven months on average, according to the 2021 U.S. Census Bureau's Survey of Construction, this does not mean you’ll need to wait that long. **The truth:** It might be true for a car, which loses a lot of its value the instant it is driven off. It isn't applicable to a new construction home, though. **The truth:** No matter what kind of house it is, the building construction principles generally stay the same. **The truth:** Home inspections, including new construction properties, are a standard and critical component of buying a home. **The truth:** You may not be required to have a real estate agent when entering a new construction deal, but there's no way you’d want to miss out on having your own representation, especially if you’re a first-time home buyer.