Garage conversion cost in Miami Dade

[Rafael Castellanos]

Hello everyone!

My wife and I recently bought a fixer house (3/2 with two car garage) as our primary residence in Hialeah, FL and want to get into house hacking to offset our monthly payment. 

As it's pretty common in Miami we'd like to convert our garage into a studio apartment/loft. 

How would this type of additions impact the appraised value of our home? And what could I expect to invest in project like this?

Thanks,

Rafael Castellanos.