Ya, agree with Sliver. If you hire a decent crew they shouldn't take more than a couple months. If you do it now, the fall sucks anyway so you will have it ready for the winter (no more window scraping!) and it won't interrupt your summer.
And I've got a similar size house to you, just a bigger basement, and the extra space is great. I used to store all sorts of stuff, including my workshop in the basement. Now my wife will have a laundry room, which makes her happy.
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