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Most major repairs are more-or-less forseeable (like a new roof/furnace), and I would budget for these (squirrel away the money in advance). Minor repairs from the regular chequing account.

I can't see home maintenance costs ever averaging more than 1% per year (covering roofing, furnace, A/C, driveway re-paving, etc, and all minor repairs as well) for a house less than 30 years old, and I think 1% is actually conservative.

In an older house, maybe it could be higher. It would take something like a crumbling foundation, or digging a new well/septic perhaps to throw the figure higher. Things like upgrading insulation/wiring/plumbing could also make the calculations interesting.
 
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