I like our basement. This is the first house I've lived in with one. It's a little cool in the winters, but in the summers it is just about the perfect temp. That is our family room/TV room, so we can retire there in the evenings, watch a DVD, play a game, watch TV, whatever. The furniture is so comfortable!
Being a Texan, new to the land of basements that is Pennsylvania, I have to vote for our finished room in the basement. From there I can work on a sermon, puff contentedly on a pipe, sip coffee and let the world do what it will. And for the distractions of the little residents we have a train table there and a PS2. So, we all win! What other room could that be said of?
Being from the land of basements that is Pennsylvania, I still cannot believe that there are virtually no basements in Central Virginia. When we were thinking of buying, instead of renting, a basement was my top priority (even more so than a large kitchen!). I envisioned my school room to be in the basement, I desired a laundry room away from all the other rooms, so it could be messy like it deserved to be. I wanted the big, dark, basementy smell.
The house we rent now does not have a basement. Suddenly, I am perfectly fine with that. I think it is all of the land and out houses (not portapotties, but shed-type buildings) or the insulated garage (currently my husband's mancave with pingpong, darts, etc) that could easily double as a school room. Or maybe I'm just so thankful to be able to afford to rent something like this, compared to our last home: a two bedroom apartment with a crawl-space kitchen, a stoop-sized balcony and a living room/dining room/office combo.
It's no palace, but it is our castle.