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On 55 gallon Barrels.
My prepper / food storage room is on the second floor (I know you mentioned basement but I don’t have one). I don’t store water there. There are several considerations
1. What if it leaks? Water runs down stream.
2. Water is heavy. You are adding a very heavy static load to your structure. What if you have wind / earthquake.
So please emphasis having it at earth level whatever that may be. Also water barrels should be off the ground (have an air gap underneath) that way if the cement is freezing or significantly cooler the barrel isn’t in direct contact so is less likely to crack.