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In your case I would personally only ask for the actual out of pocket expense. If I were doing it on a day when I'd have to take off to do it I'd charge what I normal earn. In your case it sounds like you'd simply be spending your time goofing off or getting chores done. If I wanted to ask for something for my trouble above and beyond the expenses I would probably only ask for $20 or something like that. Otherwise it's no longer a favor. Asking a small amount for your trouble isn't technically wrong as it's saving him a huge bundle but I wouldn't ask too much. You could just ask for the expenses as if I was him I'd probably give you a little extra for your trouble but that would be my way of saying thanks - not what I'd OWE you. You'll keep a friend longer if you don't ask for too much. Put yourself in his shoes and think of how you'd feel about being charged for the time spent. Act accordingly
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"Always learn the rules so that you can break them properly." Dalai Lama
My Karma just ran over your Dogma. 
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