While you don't need a phd to build a bike some experience would help you greatly. It would probably be better to learn some common tasks like adjusting your gears and brakes. The tools required: allen keys, hex wrenches, cable cutter and cable stretcher could run you anywhere from $50 to over $100 depending on what quality or brand name you go with. It's a good way to save time and money.
Originally Posted by
spider-man
We also have a bike co-op here in New Orleans, Plan B in the Marigny. You could volunteer there and gain some hands-on experience.
This is a great idea. The local co-op runs classes for beginners and covers the basics ( gears, brakes and flat tires). They also let you rent out a stand and tools and for a couple extra bucks more an experienced mechanic will help you carry out your repairs. I'm sure yours offers something similar. It would be a good place to learn from an experienced mechanic and also use their tools to install the bb and headset cups and other parts that require bike specific and thus more expensive tools once you're ready for your build.
A bike build or rather the knowledge required is not acquired overnight. Read a book, read it a couple of times give it time to sink in. Do some online research. Come here and read some of the threads and ask questions. Take your time.