Flooring replacement: Hardwood or carpet?

[Renee R.]

I'm rehabbing one of my units and trying to decide whether to go with hardwood or carpeting for living room floor. Weighing cost of hardwood vs less expensive carpeting. I'm thinking people prefer hardwood, but carpeting is so much cheaper to replace if damaged. I need help on what I should be considering when making the choice. Unit rents for $1,500/mo and I prefer to attract higher-end tenants. Advice? Thoughts? Experience?