Should I add a second story apartment?

[Al Ball]

I have a small house with upstairs potential in a "good" neighborhood. Really, my interest in having an upstairs apartment would be to rent to family, but I don't want to make a terrible investment decision. What are your guys' opinions about adding an apartment to a single family home? Worth it? Curious about rental potential but I guess mostly resale potential. I know I wouldn't necessarily get back every cent I pay for the apartment if I sell anytime soon, but would I lose a lot? Thank you!! 

[Thomas S.]

It will depend entirely on your local market. As for renting to family that would be a terrible idea. Usually does not work out well.