Of course the stove will work in the basement, if you are planning to make the basement full time living space. Getting heat out of there is defiantly an issue, more than your solution. The stove needs regular monitoring, adjusting and reloading. If I was living on the main floor and needed to go up and down stairs to run the stove, it would get old real quick. So the first thing I would consider is where I will be and where I need the heat. For me it's the main floor.