Congratulations Michael! That looks like a great house for a family. At some point, you might be able to enclose the area under the screened porch for a train room. It would be easier than digging out a basement. A few insulated walls, a quick slab floor and a dry ceiling, allowing for drainage from the porch, and you can be in business
. An auxiliary heating and cooling unit could keep things comfortable...just a suggestion.
Good luck and enjoy owning your own home! There's nothing like it.
Eric