I have had my sewing in the basement for 20 years. I love it. I do have a dehumidifier running in the summer.. I have a fireplace down there if it's too cool in the winter (but it's seldom too cold for me!) I have a ton of stuff and it's not in anyone else's way.. I like having my own space where no one cares what I do or when I do it!
The only thing you'll need differently than any other sewing area is a lot of light. My basement is unfinished so those gray walls absorb light.. I just have lots of light and task lights for the machines..