You’ve renewed your lease more times than you can count. You’ve learned to live with the rising rent, the occasional odd smell in the hallway, and the upstairs neighbor who vacuums at midnight. You’ve said, “Maybe next year”, again and again.

But maybe this is the year.

In a borough like Brooklyn that is fast-paced, ever-changing, and full of competition, the idea of buying can feel overwhelming. But for many long-time renters, the truth is this: the cost of waiting may be higher than the cost of buying.

Rents in Brooklyn have risen steadily in the past few years. In popular neighborhoods many tenants are seeing 5–10% annual rent increases, depending on the property and lease terms. With median rent for a two-bedroom apartment in Brooklyn now hovering around $3,200/month, more and more renters are doing the math and realizing that they could be building equity instead of writing a monthly check to their landlord.

Beyond the financials, owning a home means control. You decide when to paint the walls, renovate the kitchen, or stay long-term. No more surprise rent hikes. No more asking permission.

So, What’s Holding Renters Back?

You’re not alone if you feel unsure about the next steps. Here are three of the most common concerns I hear and the reality behind them:

1. “A 30-year mortgage sounds terrifying.”

Yes, it’s a big commitment. But most buyers don’t stay in the same home, or the same loan, for 30 years. Many refinance, move, or upgrade within 7–10 years. It’s more flexible than it sounds.

2. “I don’t even know where to start.”

Pre-approvals, down payments, closing costs – yes, it’s a lot. But there are great programs out there for first-time buyers, and plenty of professionals (like me & my team!) who walk people through this process every day. You don’t have to do it alone.

3. “I don’t have 20% saved.”

That’s a huge misconception. While 20% down can help you avoid private mortgage insurance (PMI), many buyers qualify for loans with as little as 3%–5% down, especially with good credit and stable income.

If buying a home in Brooklyn has been sitting in the back of your mind, here’s where to begin:

1. Get Pre-Approved

This is step one. A lender can quickly tell you how much home you can afford and what your monthly payments would look like. It’s usually free and gives you a clear sense of your options.

2. Know Your Numbers

Compare your current rent to what a mortgage would be for a comparable space. Don’t forget to factor in taxes, but also factor in what you’re building by owning: equity, tax benefits, and long-term stability.

3. Connect with a Local Agent

Brooklyn is block by block. A good agent knows which neighborhoods are rising, which buildings have strong boards, and where the hidden gems are. They’ll help you narrow your search and navigate the offers process in a competitive market.

Owning in Brooklyn isn’t just about money, it’s about belonging. It’s about walking through your front door and knowing it’s your space. It’s about the security of knowing you’re building something for the future, whether it’s just for you or for the next generation.

If you’ve been sitting on the fence, take this as your nudge. You don’t have to make a move tomorrow, but you can start the conversation. Ask the questions. Run the numbers. Get informed.

Because yes – buying is a leap. But with the right guidance and the right timing, it may be the smartest move you ever make.