Making music is a great hobby. It's a fun and creative outlet, It can be expensive if you collect expensive instruments. But compared to Cable TV, Golf, Boating, skiing, and driving, hunting, raising pets, or sky diving, it's cheap. Especially if you are wise and purchase good instruments with high resale value.
One of the best things you can do for yourself is to buy the best instrument you can afford. I know many people who have wasted money on banjos that looked good, and even sounded pretty good for a while. Then the instrument starts needing continual adjustment, and unfortunately never delivers top-tier performance. Then people lose money on a trade for a slightly better instrument which still doesn't measure up over time. Even after a player has lost money several times over on inferior banjos and settled on one he thought would be his last, invariably a picky player's ear begins to seek alternate sounds.
Please don't just go out and buy a banjo just because somebody said it was the best. Make your best choice by learning what really makes a banjo great. Here's a practical checklist for those of you looking.
The following is a list of things that I find important as a player and a builder. You'll have your own priorities however, like how it sounds and looks, but the following are banjo luthier's details that may not be obvious to you but are worth considering when looking for a banjo.