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I opted for a cheap sealed unit. Mine was British threaded and is a Shimano Un55 68 x 110
Check what was on the bike when you got it but the shimanos are cheap and well made so in reality all you need is to work out the size.
For me I asked around and was told 68mm (which I confirmed by measuring the diameter of the bb cage) and then didn't do any more than guess on the width; I checked and the original cup and cone and saw 110 stamped on it somewhere so went with that. In reality this was just a semi educated guess as I didn't know if 110 would give a correct chain line but decided I had nothing to lose.
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If you're on a budget try to use as many of the components that you already have as possible (including the wheels) and then replace those bits you want as funds become available.
If you're set on new bars and a headset go for it as they don't have to be expensive (look on the classifieds as well).
When I built mine I only had the frame so needed to get hold of everything else but if I'd had a donor bike the parts would definitely have come from there.
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Mine was only £48 and that included all prep work, getting the frame and forks in different colours and having the sparkles added.
For me it was cost effective as my frame was quite rusty and it meant I didn't have to remove the rust or do any prep work.
If I was doing another I'd not blink at getting it done but you may have a better starting point than me frame wise and if so spraying would be your cheapest option.
Edited to correct price which was £48
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Maiden voyage over and the bike rides quite well.
I think I could do with adjusting the seat to tilt it forward a bit (or should that be to make sure it's level) and possibly to remove the outer chain ring (which I won't use) but other than that it goes and stops well.
Been a long time coming but I'm quite happy with the results :-))
Some time cyclist; long term Karateka