There is a lot to consider.
Laminated/Engineered is fine but you need to be aware of the installation process, as well as maintenance.
Short version, laminated tends to be "floated" over a thin foam layer and is not a bad way to go, except in your kitchen. If it get's wet, it warps and fails. Hardwood is long term, if you intend to stay in the home, make the investment. If you are going over a concrete slab, the laminate is pretty good, if you are going over a raised foundation with wood sub-floor, that floor moves and the laminate doesn't like it.
Neighbor just sold her home and she was proud of her wall to wall laminate she put down 5 years ago. New family came in, with kids, ripped it up and put down carpet. Hardwood you can simply carpet over. So there's a thought for resale and wasted expenses. Leaving in a few years? Go for the least expensive. Staying? Go for quality. Also, if you are staying long term, do the main areas in hardwood now, entry, family and living rooms, hold off on hallways and other sections for later. That's a good option as the smaller areas can be a do it yourself project over time, saving money, while watching the pros do it on the main areas.
All of them have their good points and bad. Hardwood will last generations, and you will maintain it by waxing and can even hot iron out dents and refinish. Laminates, replace the sections that go bad, if you can find replacements, hoping the manufacturer today is there 5 years from now.
(Qualifier, former home builder and commercial contractor, currently 8 years into managing California's state wide plan room network, Sacramento Valley region, and all I do is train contractors and resolve disputes between home owners and contractors before the laywers and california state license board has to get involved.)
