BetaB4 wrote:

Any thoughts, suggestions, recommendations, etc. would be appreciated.

Having lived with both wall-to-wall carpeting and hardwood, I'll take the
hardwood anytime. IMO It's easier to maintain and in today's market it adds
to a home's value. Have you priced-out your various options? I'd lean
towards repairing and refinishing the existing floor unless putting new
hardwood or laminate over the existing floor would be significantly cheaper.