60-gallon Air Compressor in basement garage?

My birthday was yesterday and the wife gave me the go-ahead to buy the cheap o husky 60 gallon air compressor as seen here:

http://m.homedepot.com/p/Husky-60-Gal-Stationary-Electric-Air-Compressor-C602H/205389936

My garage is a small, low overhead split level type. I'm constantly working to keep it organized and plan on a serious interior re-do this summer. My daughters bedrooms are above the garage so I know it's out of the question to run it after hours, but are there any other concerns I should worry about? Will this thing be so dang loud that it rattles the house?

Really want to be able to have impact tools and a blast cabinet one day.

It's belt drive, so it will be loud, but probably not horribly so.

Could you build a small air compressor shed behind the house? That would solve the noise problem and plumbing air is pretty easy.

Look up the exploding compressor thread and think about it. I'd find any way to get it out of the house, even if I had to make a neat little hut to cover it.

Explodie Thread

Going of Toyman's idea, you could stuff it in an existing tool shed or what have you, you'll just be the only guy on the block with a 30 amp subpanel in a tool shed.

I have an older version of the same one. It's under the stairs in the basement with a line feeding up to the garage. It is fairly noisy so I'd not want it in the same space I was working in. You'll jump when it starts.

The only problem with it being in separate space is you will tend to forget to drain it on a regular basis.

Just make sure you pipe it in so as not to form pockets in the piping where condensed water can trap and freeze. Mine is in the second floor of my garage and the vibration was bad. I installed rubber feet and used a 3/4" flex hose for a water heater to go from the tank to the piping. Helped a bunch. Just wish I'd set it up on taller blocks so I could get a proper drain pan under it. I used copper water piping for the piping around the garage, but next time I want to try and use PEX.

I have an oil-less craftsman upright compressor that is LOUD that I ran in the basement shop at my moms. Granted there was insulation in the ceiling, but you could hardly hear the thing upstairs if it went off during the day.

Currently I remote mounted the motor and compressor heads to my compressors. I have two in the basement of the house and run the air line underground out to the garage. I have an air tank in the garage attic space and a drain line that hangs down. It saved some wireing and i can run multiple 1 hp compressors at the same time.

Having an oil bath/ belt compressor does help keep the noise down. The oil less stye are extra noisy.