How much does a new kitchen increase your homes value..

The amount a new kitchen can increase your home's value can vary widely depending on factors such as the location, size of the kitchen, quality of materials used, and the overall condition of the home. However, according to Remodeling Magazine's 2021 Cost vs. Value Report, a minor kitchen remodel in the Pacific region (which includes Vancouver) can have an average return on investment of around 79.9%, meaning you could recoup nearly 80% of the cost of the renovation when you sell your home.

Of course, it's important to keep in mind that the return on investment for a new kitchen is not the only factor to consider when deciding whether to renovate. A new kitchen can also improve your quality of life, make your home more functional and enjoyable to be in, and help your home sell more quickly when you put it on the market. It's a good idea to speak with a local real estate agent who can advise you on the specific factors that are most likely to impact the value of your home in your particular area.