What would you do with this kitchen? How would you budget it?

[Matthew Defore]

What would you do with the kitchen in the attached pic? This will be my first time to mess with any type of improvements on my properties?

Here's some of the ideas that I have floating around in my head now:

• -New countertops... Granite ($30 sq/ft?) What's your opinion on the benefits of going to granite instead of lower-cost formica? 
• -Paint the cabinets white (do this myself for the cost of chalk paint)
• -New hardware on the cabinets, do this myself (Couple of hundred dollars?)
• -Replace the appliances with discounted stainless steel models ($2250? Fridge, oven/stove, dishwasher, microwave/vent) 
• -New sink, porcelain or something? $400?
• -Keep the floors as-is ($0)
• -Paint the walls grey, or tan? Do this myself for the cost of paint

Your thoughts?

(the pic is upside down in the post, but if you click on it, it will open correctly)