Calculating appreciation based on rehab dollars put in.
Hi everyone! I am interested in buying a small multi-family, doing some cosmetic work, renting 2 units and living in the 3rd. How much will a property generally appreciate for every dollar put into the property? I would like to spend around 15K on the rehab, if I focus on items that really drive value how much appreciation can I expect? 20K? 25K? 40K? Any and all help would be awesome. Thanks!!