Here's a big one involving lots of money!
Did you know that money spent on capital improvement to common property can used to increase the tax basis of ones property just as can money spent by an owner of a unit to improve it?
Over the years this can mean very large savings in capital gains taxes.
And when it comes to an HOA considering the benefit of having a loan backed by property, money spent on paying off the principal can be used to increase the tax basis of ones unit and hence be able to save capital-gains taxes. Maryland.