Grade beam or load bearing wall
I'm in the planning stage for our new house, and we're going with a permanent wood foundation. This is a full basement. I have two choices, I can go with your standard built up lumber grade beam for the house with teleposts (columns), or I can build a load bearing wall in the basement.
Advantages to the beam is, more open design capabilities not counting the posts kind of being in the way (which is what all basements generally suffer from). Some disadvantages are the build itself. Its more complicated, as I need individual built up PWF footings for each post and the end wall needs to be modified to accommodate the beam in the pockets.
Advantages to the load bearing wall, is I can use a continuous sleeper footing for the wall, which is much easier to place etc. Plus, the end walls don't have to be modified or have any built up capabilities etc. The single biggest disadvantage is I'll have to know up front how I want to design my basement layout to accommodate doorways and whatnot in that wall. And it doesn't really lend itself to a more open concept for the basement.
I think lumber cost differences will be negligible or at least not bearing on my decision. I just wanted to get your insight. Thanks again guys!
EDIT: Something else I wanted to add. Teleposts can be adjusted which is I believe mainly due to settling of the footings. A bearing wall can't be adjusted, but its more evenly distributed over the entire ground surface from one end to the other.