In order to free up some much needed space in my parents small kitchen I suggested that they put up some pegboard to hang their pots, pans, utensils and other items. Here is how it looks. If I had done it in my place I would have put a frame around the pegboard and I would have painted it as well. Oh yeah, I would put the broom and dust pan somewhere else, maybe on a different pegboard for cleaning supplies!
At any rate, it gets the job done quite nicely!