Paully25,
Welcome aboard! g-man knows his stuff, great advice.
Your basement might not be as bad as you think. If it keeps a pretty even temperature of 50-60 F yearround, and doesn't spike below 40 in winter, or above 75 degrees or so in the dead of summer, you should be in good shape.
A good wine shop might have an offsite facility to store your wine, and will keep you from looking at (and drinking) keepers, and might be cheaper than you think. A nice big four-digit cooler can be a great investment, but I prefer to spend the money on wine.
Above all, don't go blow a wad of money on wine that has good scores, or a popular name. Attend LOTS of tastings to fine out what
you like. One reviewer's 96 pointer is another reviewer's 80 pointer. Learn to trust your own palate.
-IB
"Wine only turns into alcohol if you let it sit."---Lindsay Bluth