I have taken some of the advice given. I have removed the SSD and upgraded the Video card to the MSI Radeon R9 280 3GB TWIN FROZR.
Reluctant to remove the CPU cooler(has better cooling than original, should last longer, and be quiter also)
I also changed the ram to the G.Skill Ares Series 8GB (2 x 4GB) DDR3-1600 for purchasing convenience.
I also removed the Optical drive to cut the fat(I can use the one I have in my current desktop that this will be replacing)
Also added monitor, but does not count towards, budget for the $700 range of computer.
Not sure if updated this correctly, will take advice on this also.
New link is:
http://pcpartpicker.com/user/Ralob101/saved/4LhO
New link is