[akots]

Well, it might not necessarily be a bad things because if you can fix that basement, may be price will be increased even higher, so you would actually end up getting more of the apartment. The main problem is that you don't have the money for that from your own pocket. Well, it might be possible to come up with some sort of a deal with them instead of canceling the whole thing. Like may be split the expense or get loan without interest. But of course moral repercussions are horrible, after all this is the first yours and yours only piece of property.