If you are planning to set up a home studio, there are many things you need to consider. From monitors and computers to software instruments, effects mixing - mastering - creative, sample libraries, microphones and acoustic treatment, there is a lot of equipment that can help you create the perfect home studio.
When making your purchase decisions, it's important to understand what type of gear you'll need for your studio. Monitors and computers are essential for any home studio, as well as a DAW (Digital Audio Workstation) and software instruments. Sample libraries and microphones are also important components of any home studio setup, as is acoustic treatment to ensure the best sound quality possible. Also what type of instrument you play is something to have in mind and how to connect it with your DAW being able to record your performances.
You also need to consider your budget and how much space you have available in your studio. With the right combination of equipment, your home studio can become an amazing creative space for making music!
There are tons of information about all aspects for creating a home studio. My opinion is to minimize you budget in the beginning with some free stuff when possible and when you find yourself ready make small steps towards with more advanced tools.
From my experience it is far better to learn your first tools and then move forward to more sophisticated stuff. Learning things like recording methods, audio compression, equalizing the sounds, adding space with reverb or delay and other could be discovered with the stock plugin of the DAW.
Taking further steps to more expensive plugins or hardware units is going to make your life easier and more creative, but only in the base that you know how to use them.