Cabinet refacing is like a makeover for your kitchen cabinets. You keep the same cabinet structure but give it a new look by changing the doors, drawers, and hardware. It's budget-friendly and perfect if your cabinets are in good shape but want a fresh style. On the flip side, cabinet replacement is like a complete kitchen transformation. You say goodbye to the old cabinets and bring in brand-new ones. This gives you more freedom to change the layout, design, and materials, but it's usually pricier.