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Tip 1: Update Your Kitchen Cabinet Hardware

Newer, modern pulls and hinges can instantly update a kitchen.

"Finding a home with hidden potential is a great way to save money, especially if you're willing to do things yourself," says Ty Pennington, host of "Extreme Makeover: Home Edition". In the kitchen, adding new hardware and under-cabinet lighting to illuminate the counters better will immediately refresh the space, he adds.

See our photo gallery for more fast decorating fixes.

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