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@greasyboy
Buying a complete bike is usually the cheaper option, but building one up from scratch can be a satisfying experience. If you have beer to hand.
If you are building it up from scratch you'll have thought of frame, forks, wheels and groupset. When you're costing it up remember you'll also need; cables, bars, tyres/tubes, rim tape, handlebar tape, headset*, headset spacers, starfangled nut/bolt/cap, stem, saddle, pedals, seatpost, seatpost clamp. And yes, some wheels need skewers.
From personal experience you'll be wanting some shiny new bottle cages too.
*cost of pressing it in if you don't have access to a headset press.