There is no need to replace the whole hose. I suspect that it broke down in the engine compartment where it is exposed to lots of heat, oil, fuel, etc.
It is not unreasonable to replace the engine-room section of the hose and use a metal barb to barb fitting to join the new engine room hose to the original hose that is protected in the basement. Metal barb to barb and two hose clamps on each hose at the splice(with screw part 180 degrees from each other) and you should be good to go.
Be sure to route the hose away from the exhaust and any location where it could chafe.