Laminate

Benefits: cost effective, easy to clean
Limitations: can be damaged by water

Laminate is a very popular and cost effective flooring option. It provides the look and warmth of hardwood and is available in a wide variety of styles, colors and plank sizes.

The advantage of laminate over hardwood is that it is less likely to scratch and dent but still gives you the look of hardwood. It can also be installed in below grade applications- such as a basement.