Unlike the Midwest and the Northeast, where basements are expected on every home-they're rare here. Basements are just more expensive to build here. Our soil is red clay-which is incredibly dense and retains water. These two factors mean that it's expensive to dig one out and expensive to get it properly waterproofed. You will find walk-out basements available, mostly in new construction (and seldom below the $300,000 mark) and on lots with a natural topography that supports a walkout basement.
Some of our older homes in neighborhoods like Chantilly and Elizabeth will have the old cellar-style basements, but they're not intended for much more than occasional storage.
Because of the expense involved with putting a basement in our clay based soil, most builders find it cheaper to go up than down. You can find more options with 3rd floor walkups or bonus rooms over the garage (affectionately known as the Charlotte basement). Typically, you'll only find basements on sloped lots where the builder can economically put in a walkout basement. Toll Brothers is one builder willing to dig out a basement if the lot passes a soil test. They are building in Marvin Creek Meadows in western Union County.