Price - Typically hardwood is going to be more expensive oppose to laminate because it is made from exotic trees. Installation of hardwood is a significantly higher cost then laminate.
Durability - Although hardwood can add an abundance of value to your home, it is easier to get damaged. In high traffic areas in your home, it will become noticeably worn out and it can scratch/dent easily. Excessive moisture can deteriorate the surface, too.
Repair - Hardwood can nearly last a lifetime as any imperfections can simply be buffed out and then refinished.
Price - Laminate is made from composite wood pressed together at high temperatures. The materials and installation are essentially 50% times less expensive then hardwood.
Durability - It may not be as aesthetically pleasing as hardwood flooring, but it is much more durable. Since it is made from pressed wood, it can resist, moisture, scratches and most wear and tear. It is also a little easier to clean in comparison.
Repair - Laminate can lose its colour and edges may split or peel up. When it comes to repair, all new boards need to be replaced, but unfortunately, they may not match the colour of the older planks because of its fading.
Either way, your home will benefit from wood flooring, however, it is completely up to you whether you go with hardwood, or laminate. Hopefully we have helped you with the pros and cons of both and made your decision making process a little simpler.