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URGENT Budget Basement Studio

I've Ben Recording Music For about 3 Years On Cool Edit PRo With my computer, Getting More Serious With it and Want to Build a Studio For myself In House.. Is a 3 thousand Dollar Budget Enough to Build a Decent Studio With Good Quality? .. And If So Could Sum1 Please Take the Time to List Hardware/Equitment Needed..Is a Computer a Must For The Studio ?.. Any inofrmation would Be Aprreciated..

The budget is here, the desicion is now, Great River or UA ?

ok Guys, the budget is now available and I need to decide which preamps am I going to buy. Thanks to Kurt and some other uselfull members Ive practically narrowed it down to two pre apms, the Great River MP-2NV and the Universal Audio 2-610 tube preamps. My main clients are Rock, alternative, metal and hard core bands, lots of distortion, heavy drums, screaming vocals, the works!