From the day you move in to the day you sell your home, there will always be something to repair or remodel. Additionally, home repairs can be costly if they are not done on a regular basis.
On average, budget around 1% of the purchase price of your home every year for home repairs. Older homes tend to require more maintenance, so keep that in mind when purchasing and maintaining an older home.
Remember, the cost of regular home maintenance, is minor compared to a major repair down the road.