Basswood is a relatively low-grade guitar material, but the piano is worth a penny. If you want to buy a piano at this price, it is usually basswood or eucalyptus. The most mainstream guitar panel is spruce. Generally, there are many low-end pianos of spruce, and the price is around 450. You can think about it.
But to be honest, these pianos are all about the same price. You should mainly choose one with good feel and good workmanship, which is enough. Beginners really don't have to be picky about wood, and the feel is the most important thing for novices!
I hope it helps you.