Unless you have a construction background and concrete experience I would not recommend taking this project on. Lot's of opportunities for serious problems.
Having said that, many folks have done this, but it is not an easy project.
A few things you should consider before starting:
a. Is bedrock an issue? Can you dig another 5' without hitting bedrock?
b. Where is the water table. Will you be down in the water table 5' down?
c. How are you going to get the dirt / concrete in and out. Best solution generally is to excavate outside and create an opening through the foundation and an access ramp. A conveyor is a real help for getting dirt out, concrete is best pumped. A bucket a time will be miserable.
d. Make sure you design this so you don't have water infiltration problems and a wet basement to deal with; water tight concrete joints, sump, drains, etc.
e. Will any temporary shoring be required to hold things in place during excavation?
f. Are their any utilities in this space that will be in the way?
g. The excavation in this tight area will likely take at least three times that labor, the same would take in an open area, so be prepared for that.
Good luck if you take this on, post progress photos.
What a great checklist!
Do you have a construction background and concrete experience?
I poured my side walk 4 years ago, mixed bags of concrete by hand. Ended up being 30 bags. Side walk has held up perfectly with no cracks. I also have construction experience flipping houses.
a. Is bedrock an issue? Can you dig another 5' without hitting bedrock?
My home is on top of a hill, so no bedrock where I'm at.
b. Where is the water table. Will you be down in the water table 5' down?
I'm on a hill so I'm good.
c. How are you going to get the dirt / concrete in and out. Best solution generally is to excavate outside and create an opening through the foundation and an access ramp. A conveyor is a real help for getting dirt out, concrete is best pumped. A bucket a time will be miserable.
One side of my crawlspace has a 7' wall and a entryway, dumping area is 10' from that exit.
d. Make sure you design this so you don't have water infiltration problems and a wet basement to deal with; water tight concrete joints, sump, drains, etc.
This is one of the areas I will go to great lengths to insure against. I currently have no water problems down there and don't want to introduce them.
e. Will any temporary shoring be required to hold things in place during excavation?
Not in the space I'm going to be digging out.
f. Are their any utilities in this space that will be in the way?
No electrical or communications. However there is a sewage pipe that is going to limit this space to 12x12.
g. The excavation in this tight area will likely take at least three times that labor, the same would take in an open area, so be prepared for that.
I'm planning to do this in short intervals of 1 hour a day.