Pegboard can be a cost effective open-storage solution to a kitchen. Simply install peg board onto the wall, trace out the shape of the pots and pans you will need nearby, paint that shape directly onto the pegboard and you will have a place for everything and everything in its' place.

Floating shelves are a great alternative to cabinets. If you need instant access to bowls and plates, its a great way to keep them accessible and allow them to double as accent pieces.