I would stick to the important improvements for assessments. You've beeing lucky to assess with 1/2 the building still in the hands of the sponsor to improve the building. Unfortunately, everyone needs to pitch in when improving the building. If your maintenance is still relatively low to comparable locations, an increase in maintenance that may allow you to put money away to build reserves or take care of medium repairs may be a way to go too. Again, I would not object to pay more maintenance if there is a reserve component to it or performance of medium ticket repairs.

The determinant factor in a builidng should not be age of its residents, but the fact that work is required to maintain the value with respect to your neighboring buildings and you will be willing to tackle those projects that are required to maintain the structure and also may add value to the property.

AdC