You should budget 1% to 2% of your home’s purchase price each year. So, if you paid $250,000 for your house, you’d want to have $2,500 to $5,000 set aside for repairs. Of course, this number can change depending on many factors, such as your home’s size, age, and condition. But this is a good rule of thumb to start with. So start stashing away those pennies to keep your home in tip-top shape.