Grandmother wants to put paid off house in my name. I am 26 and not sure if it is a good idea.

My grandparents raised me and are pretty much like my parents. My grandfather passed away suddenly in October at the age of 69. Since then, I’ve been living with my grandmother to keep her company and help in any way I can. The mortgage on her house was paid off last year, so property taxes are the only ongoing payments.

Recently, my grandmother told me that she plans to transfer the house into my name early next year. She said it would help build my credit, and she doesn’t need credit much anymore. She’s retired, disabled, and living on social security. She also has substantial savings and investments to support herself.

I’m 26, have never owned a home, and work a blue-collar job earning $55k a year. My credit isn’t great, but it’s not terrible either (mid-600s last time I checked—I made a few mistakes when I was younger). The idea of having the home in my name feels intimidating, and I don’t know much about managing something like this.

Is this even a good idea, or would it be better for her to keep the house in her name for now? What research should I do if she does decide to transfer it? Are there any books or videos that could help me better prepare for this responsibility?

Any input would be appreciated. I am extremely grateful my grandmother wants to do this, but I just want whats best for us both.

The house is estimated at $320,000 now if that is relevant for the question.