After a number days waiting and deciding which components to buy, I based my decision on a number of factors.
1.) This will only be used as a fileserver therefore a processing power of a Dual Core cpu might be an overkill.
2.) Enough disk space to install Windows OS and a Linux Distro. ‘
3.) A VGA card that will be sufficient enough for a HTPC setup in the near future.
So the final specs are the following
Total Cost: $790
At the moment it seems to be performing rather well. Partitions has been organised to accomodate backups and files in their respective categories.
Now it just a matter of developing an interface that will allow me to search for these files from any PC’s on the LAN.