AVS Special Member
Join Date: Jul 2000
Location: Northern Colorado
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Best to start with a 2.0 setup to start and a decent receiver. A good sub will blow your entire $700 budget.
There's a Pioneer 822-k receiver for just over $200 on Amazon right now. Clearance sale. Not bad to get you going.
Then get a pair of Ascend Acoustics CMT-340 SE's. If you push the budget a little bit more, they put their matching pedestals on sale when bought together in one order (effectively turning them into towers). Well regarded budget speakers. Then add more when you can.
Listen up, studios! Just say "NO" to DNR and EE!!