First time building a PC (on my own)

[TJDowney]

I've had a couple custom builds when I was younger, but I had a very experienced friend very slowly walk me through it. Unfortunately, he is not around any more, and I have very little knowledge of the hardware end of PCs.
I made the mistake of buying an Alienware gaming laptop a couple of years ago that had great reviews which is now garbage for most new games (DayZ (5fps), GTA4 (wont run), Assassin's Creed (4fps), CODG (wont run), etc.). I wont even bother trying to upgrade it. I've left the house with it 3 times for LANs. Portability was overrated.

I'd like a rig that will run 2014 and hopefully 2015 games well on medium settings. I don't need to max out graphics. I only play in 1080x1920 on my TV/monitor and I don't really care about how fantastic a game can look. I want great performance at medium settings in 2014 and decent performance at medium settings in 2015 with room to upgrade.

I've read a dozen threads and "help me" posts that I've seen and thrown this build together. I was trying to stay under $1000, but I made a few concessions after reading up on a few items.
So... Will it work? Will it run well? Will it set my house on fire?
Thanks for any feedback.

http://ca.pcpartpicker.com/p/2lxyb

 

[bodeen2012]

here is a build i put together for a friend which he loves . it has 8 gbs of memory which works fine and you can add more memory later on .
PCPartPicker part list: http://ca.pcpartpicker.com/p/2lB1j
Price breakdown by merchant: http://ca.pcpartpicker.com/p/2lB1j/by_merchant/
Benchmarks: http://ca.pcpartpicker.com/p/2lB1j/benchmarks/

CPU: Intel Core i5-4670K 3.4GHz Quad-Core Processor ($246.75 @ Vuugo)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.79 @ DirectCanada)
Motherboard: ASRock Z87 Pro3 ATX LGA1150 Motherboard ($100.00 @ Vuugo)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1600 Memory ($71.98 @ Newegg Canada)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($67.50 @ Vuugo)
Video Card: MSI GeForce GTX 770 2GB Video Card ($339.00 @ Vuugo)
Case: Corsair 400R ATX Mid Tower Case ($88.55 @ DirectCanada)
Power Supply: SeaSonic G 550W 80+ Gold Certified Semi-Modular ATX Power Supply ($77.99 @ Newegg Canada)
Total: $1021.56
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2013-12-16 23:56 EST-0500)