The debate has been raging for ages. Many people believe that a laminate floor is a better option than a hardwood floor. Others also known as "smart people" believe that a hardwood floor is a better option.
Laminate is an extremely versatile substance. People used it back in the 70's as countertop coverings. It developed over the years in many forms. It can resemble stone, marble, tile, or more commonly, wood. This is the most common appearance of laminate today. The actual term laminate does not refer to the physical material that constitutes the majority of the paneling, only the protective top layer.
Advantages of laminate include durability, and ease of installation. Normal laminate planks are two to three times longer than their hardwood counterparts. This is because the synthetic material can be created at almost any size. Unlike authentic hardwood, there are no real size limitations. Another benefit of laminate surfacing is that it can be installed on concrete and other surfaces that are difficult for hardwood installation.
Hardwood floors are on the opposite end of the spectrum. They are not new. People have been using hardwood floors ever since they were able to erect wood cabins hundreds of years ago. It's not easy to install either. Unless you have a high skill set, installing it on your own can be troublesome. Because they come from limited material (trees) they are more expensive than synthetic laminate. However, scarcity creates value. If you have real authentic hardwood floors in your house, its value will increase. This can't be said for laminate.
Hardwood floors are also more aesthetically appealing. All other surfaces are imitations. Ultimately you can't beat the real thing. There are many arguments that support installing laminate including ease of installation, and low price. However, the long term value of this shortcut pales in comparison to that of a hardwood floor.