If the attacker hacks into your WiFi and is able to connect to the network with his laptop then it opens up a big pool of possibilities for him because now he is present in the same LAN as you are. Some possible scenarios would be :
- He can easily capture traffic moving in and out of your system.
- If you are managing your access point over http (not recommended) then he might be able to sniff the password and make changes to the Access Point configuration.
- MITM is a possible attack.
- If you dont have all the recent updates and patches, then he might be able to find and exploit a vulnerability.This will allow him to take control over your system or he might be able to put a keylogger into the system.
- He may anonymously perform some illegal hacking activity from your network and then the authorities will track back to you.
Here is a linklink that you might find helpful. It talks about securing the WiFi Access Point.