Definitely. My "studio", as I call it, is in my basement. Every house we've lived in (in 3 states, in past 15 years) I've had my studio in the basement. Never had a water problem; this house my basement is the warmest place in winter and the coolest in the summer. There is a treadmill too, which I do sometimes use! And a TV, since I like background noise. The iron stays set up next to my area too. The floors are cement, but I have put down inexpensive area rugs, so it is comfy. The main issue in my current house was the basement lighting, but I have one of those bright light floor lamps that I put right over my machine, and I bought a big clip light (kind of industrial-looking, like a garage work lamp) to brighten up the whole area. Behind my machine was just some studs framing a wall area which is not drywalled, so I covered it with fabric! Now I can pin up various items and blocks and it is my inspiration wall. The best part is that I can leave work in progress around and not worry about the mess, and I can clean it up when I choose too. I have several plastic drawer bins to hold my things, and I have 2 closed bookcases that hold my fabric, batting, and other stuff. It's my area and I love it. Go for it!!