There are no surprises here. It’s still the kitchen, which on average, will give you a 54% ROI in the US. That’s the national average, but this number can approach 100% on the West Coast, while if you live in parts of the Midwest (in Iowa, say), you’ll get less of a return, around 68%.
You should do your research, factor in when you plan on selling, and go from there. If you want to sell in 2024 and live in an area where kitchen renovations don’t have a very high ROI, then you’ll probably just waste money on a renovation.
If you still want to live in your house for a few more years and want to enjoy a modern kitchen, go for it. The value-adding won’t just be about the home sale but also about your own comfort.