Since laminate is made from pressed wood, it is more durable and resists scratches, moisture and wear and tear. Laminate flooring is also easier to clean. CONS – Even though laminate is more durable, it is not as visually appealing. Lower qualities of laminate may have artificial-looking woodgrain textures.
Not only are the materials themselves cheaper, but laminate wood installation cost is, on average, 50 percent less than hardwood installation.