<prompt> Human: Hello all, I was just preapproved for a mortgage loan for 160,000. I have 36000 in my savings account. Ive already paid off my car loan. The car is worth about 17000. I have also paid off all my student debt. Currently my credit card score is 738Unfortunately I only make 47,000 a year before taxes and am a single female. What tips can you give me?Im currently living with my mom but have experienced living with a roommate for 2 years... I dont want to go back to renting but am afraid of jumping into home buying because of maintenance and upkeep. I was considering purchasing a condo or a townhome instead of a typical house but I dont know if they hold their values as well. What would you advise?  <response>: As a current homeowner, I would advise that if you are not handy at fixing things or know and can afford a good handyman, you will quickly grow to regret buying a home. I understand wanting to move out, but why is buying a house or condo, or townhouse the only option? If your only downside for renting is having a roommate... then dont get one.If youd like the experience of living in a house without actually buying one, rent a house! Not sure about your area, but there are several houses for rent near where I live where you get the benefit of living in a house not attached to any other building, yard space, more of a neighborhood feel without the downsides of actually owning a home property tax, home maintenance, homeowners insurance.Financially, it looks like you could afford to buy a home; however, it doesnt seem like its the right personal choice for you. I agree with uforlorn_hope28 that more specific information would be needed to truly get a sense of your financial situation. 