Cu-38Ni alloy was deposited on C71500 (Cu-30Ni) substrates by a laser-aided direct metal deposition technique using CO2 and diode lasers. Structure-property relationships of deposited specimens were investigated by optical microscopy, electron microscopy, X-ray diffraction techniques, and microhardness and tensile measurements. Laser-deposited specimens' microstructures were primarily dendritic, forming columnar grains growing epitaxially from the substrate and subsequent layers along the preferred crystallographic growth. The grain growth pattern and grain size distribution was significantly different in both specimens. The lattice parameter of the solid solution phase was relatively larger in diode laser-formed specimen; CO2 laser-formed specimens showed relatively higher but non-uniform hardness distribution whereas a very uniform hardness distribution was observed in diode laser formed specimens. Diode laser formed specimens showed higher tensile properties compared to CO2 laser formed specimens which were comparable to C71500 substrates. Microstructure and mechanical behavior were explained based on laser processing parameters.