Great! You'll really enjoy it. I remember my first basement workshop. That was many decades ago. One thing I have found is similar to Parkinsen's law (work expands to use up all the resources available). Basement workshops expand to fill the space available. We paid extra to have a portion of our basement excavated that ordinarily was not full depth, and that became a 12 x 20 workshop. It is by far the largest I have ever had, and I thought I would never outgrow it. It is now jam-packed and there are power tools I would like to add, but no space for them, and my stash fills all my storage shelves with no space for more shelving :-( I guess that means I have to build more and shop less!