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I don't see how this differs from a maintenance increase, other than appearing as a separate line item on a maintenance bill. You could just as easily transfer excess funds into a reserve account periodically.
A small advantage of assessing for specific projects is that it adds to your cost (basis) of the apartment if the work done is considered a capital improvment, such as pointing, parapet work, window replacement. This lessens your capital gains if you decide to sell and not invest in another property. A blanket assessment is not tied to a specific project and may not be considered a capital improvment.
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Hi JG,
A capital assessment, of course, adds to the basis of each person's investment so that when they sell, their capital gains are less. The one truth about a building is that they will always need capital replacement items. This has the advantage of making the funds available ahead of time.
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