On initially reading the tagline: "Using a slab over an excavated basement...", I was looking for the excavated basement with a slab on top. I'd only seen that in commercial / industrial construction.
I'm not sure I agree with the 'cost saving' aspect of slab on grade vs. basement. I find it hard to believe that the 800-1000 sq ft of basement space can be replicated above ground at a price competitive with a basement. Especially since you're paying for footings and insulated stem walls anyway. A 9 ft poured basement is a fabulous place for a home theater Is an above ground 16' x 20' space really cheaper? Even if were minimally finished?
A well thought out unfinished basement provides real value at modest cost. I think what he's really saying is: It costs less to build a smaller house, making it easier maintain margins while hitting a price point.
Where do people without basements put their stuff? Table saws 'n' drill presses 'n' workbenches 'n' suchlike?
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