While natural wood has a beautiful depth that can add characteristic and life in a way that engineered wood can replicate, natural wood has a better reception to repairs versus its counterpart. However, there is a big difference in price range between the two types of wood. For example, hardwood flooring can have a range of $8 and $15 per square foot in comparison to the range of $4 and $7 offered by engineered wood flooring. So, if looking for a more budget-friendly option and similar look- engineered wood product would be a good alternative.