I recently had the opportunity to redo a family bedroom set for a couple. She didn't want to spend the time doing it herself or the money to buy brand new furniture. Here is the before and after.
I used the color Milk Paint from Lowe's. I think it is the perfect antique white for furniture. Distressed a bit and sealed it with Minwax Finishing Paste. To update the hardware, I used oil rubbed bronze spray paint.