If you are ready to replace your stove vent hood you might want to consider one of the new microwave vent hoods. Having your microwave mounted below your cabinets and above your stove means you have more counter space for other things. You need to know what kind of exhaust is on your current range hood. Some vent up, some to a back wall and others just vent to the front and re circulate the air in the room. The power cord on these units comes out the top and is designed to be run into the cabinet above. You may need to have a new outlet installed up there. Check the installation instructions before you decide which unit to purchase.
You may find that over the stove is a bit high to mount your microwave, especially if you want your children to have access to it. You can buy microwaves that are designed to be mounted under a lower cabinet or even designed to be built in. Take a look at the different mounting options available before you plan your new cabinets. An old double wall oven can be replaced with a Microwave Double Wall Oven.
Click the links below to see some of the new options you may want to consider. When you are ready to purchase new appliances consider buying online as you can save a lot of money by not paying state sales tax.