I like to have some lawn around the house to have an area to just hang out, both me and my dog likes lying in the grass basking in the sunlight..
But I believe it has other benefits as well, green manure and also having some wind blowing in the evenings to keep some of the mosquitos away, we have alot of them where I live. And as mentioned before, its nice to have an area where you can just put stuff or set up a temporary project or whatever.. as for maintenance:
If you have more lawn than you can manage with human power, you have to much lawn!