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With the step up in the living area, you're giving up the extra cabinet space that you usually have around the perimeter of the living room, for some that isn't a concern. It has a nice aesthetic feel and I do agree it is an appealing floorplan and something to consider, but I'd rather have the inside cabinet storage and accessibility. We travel south for 5 months of the year and we don't fill our current basement the way it is and I carry extra supplies for my woodworking business.
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