Over Improving a Rental

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Educate me on this please.

I’m newish to investing (3 properties over 3 years), and I live in one of my units. It’s going to be a perfect rental someday. It’s a 1/1 and about 650sqft. I can tell that whoever built it, did it on a budget. Cheap vinyl tile floors, cheap counter tops, cabinets, window unit a/c’s built into the wall, near zero storage, nice, just finished out on the cheap.

I put a metal roof on it recently and my plan is to own it for life and rent it in the next 1-2 years.

Based on my estimation, it would probably rent for 900-1000 as is. Are there any upgrades I could do, that I’d enjoy while living here, that would help if rent for more to justify making the upgrades?

Things I’d like to do: minisplit (5k), LVT flooring throughout (2-3k), shed (1.5k), carport (2k), countertops (?), and I could go deeper down the rabbit hole with porches, etc, but this is a good baseline.

I think the max rent for a 1/1 in my area would be 1100-1150.

How do you improve a property and see a return for the money spent, but not over improve and waste your money?