Basement ftw. Remember you will need to be able to entirely lightproof your grow space when it comes time to flower- if you have an enclosed cold storage room, try that, and use the main part of the basement as a workshop, cloning lab (MWAHAHAHAA!!!) and veg area.
The storage room will also be easier to odorproof, since you can limit ventilation to a single exhaust point with a can filter over it or an odorsok.