I've had some Hue bulbs and and an LED strip for a bunch of years. It's been pretty reliable. The LED strips are really awesome and frustratingly expensive. You can chain them together to cover longer/larger areas. I've tried a few generic LED strips, and they've kinda sucked by comparison. but sometimes that's ok for a given purpose.
Not that it's what you're asking, but I had a 100 year old house with retrofitted LED can lighting. It's do-able. and might not be as expensive as you think.