You have some good ideas but if you're going to sell soon and aren't planning on taking the soffit out, I would just do some minor changes and keep the cabinets (just add a couple cabinets). I wouldn't move the sink but just get a nice stainless steel sink and update faucet. I'd get a stainless stove vent. Remove the wall on the left of the refrigerator but then just do a small pull out pantry on the right of the refrigerator. And, put a cabinet above the refrigerator and make it look built in. A glass backsplash, can lights on the ceiling and pendants above the penninsula. I think a raised counter will make the kitchen/room feel smaller.

If you use masonry paint, we could head in a warm greige direction for all of it - not so yellow . .. something that can give you a bit more contrast against the white windows and trim - even 40 does a lot for us . . . what about a blue green gray? You will get a coastal / mod vibe and it will relate to the farmhouse look .. .above bm silver mink http://www.benjaminmoore.com/en-us/paint-color/silvermink and below . . . gilbraltar cliffs . . http://www.benjaminmoore.com/en-us/paint-color/gibraltarcliffs Shingle look siding on the side dormers would be neat to get that cottage mod. . . you can stick with yellow but I don't think it complements the roof tone. With the blue-green grays, the white windows and trim will really pop beautifully. . . You can also go more neutral with a warm gray - greige . . . here's the siding tone http://www.benjaminmoore.com/en-us/paint-color/capemaycobblestone paired with this for brick - http://www.benjaminmoore.com/en-us/paint-color/graystone potential future red windows . . .aluminum pits over time, so if you have just one side you want to try, you don't have to powder coat, you can take a small brush and just do them by hand with latex paint if they are 10 yrs old or more. . . one advantage to gray . . future see [houzz=]

Hi Ang, I thought I'd follow up my earlier comment with pictures of before and after of pine cupboards I specified to be painted in a budget makeover. My clients tell me people presumed they had purchased brand new cabinetry, so startling was the makeover. Somehow I have put the "after" on the left and "before" image on the right!

What a great idea for a small space - the plumbing shouldn't be difficult, it's all there for the washing machine