<prompt> Human: Im trying to run the numbers for the true cost of home ownership vs renting and Im at a bit of a loss to know how much to budget annually for home repair. I would likely be looking at 1500 square foot homes in Minnesota built in 1950s. There are a lot of factors at play here but since I dont have a house in mind well have to work with a hypothetically average house.So how much do you budget annually for home repair? How old is your house and what part of the country are you in?  <response>: 3,000 at all times 1 yearly . I dont actually spend the 3000 a year on the house, but I will budget it yearly and extra goes to savings or fun stuff. If you do repairs yourself, 1 of the home value is more than enough and for me it allows minor upgrades to the house.The 3000 dollar a year cushion I keep is for the following: Roof Electric Plumbing HeaterThose may be jobs that are too big or too time sensitive for me to fiddle around with. 