Newsflash: Decision to renovate using calculations like ROI? How do you decide?

I need to decide whether to renovate my rental property and need some guidance. I am not sure how to use calculations to guide my decisions.For example, $10,000 spent renovating my 3 bedroom will give me an extra $4800/year (rent increase from $2400 to $2800), this gives me a ROI of 48%.How do I use this figure? What are some other calculations and benchmarks I can use?

Read more at https://www.reddit.com/r/RealEstate/comments/6oh5tu/decision_to_renovate_using_calculations_like_roi/?utm_source=ifttt

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