We run a home office with inkjet, colour laser and b&w laser.
Realistically: inkjet is the best of the instant home options for photos. But really pretty poor for photos compared to a decent lab prints.
The colour laser is great for pitches, boaring passes, brochures…. But – and a big but – if you have any kind of critical eye – even the best laser is poor for photos.
The B&W lasers do 90% of our printing. They are Samsungs (ML 1640 and a later version that I dont know the number of).
So in summary, buy a mono laser, and a decent inkjet for the occasional photos, or send them off to be done proper.