First Gaming PC Build Need Advice (NO Overclocking)

well it is a decent build, and will most likely serve your purposes well enough, but it is a little unbalanced.

no need to buy a cpu cooler if you won't be overclocking, especially not a water cooler. the stock cooler is plenty for a stock cpu. if it is a concern to keep the temps really low, a small air cooler will do nicely such as cooler master 212 evo or even the tx3 would be more than enough. the high performance cpu coolers are meant for overclocking which can produce quite a bit of heat.

that being said, you could save the money you would be spending on the cooler to invest toward a better gpu. i would suggest bumping it up to a gtx 760 or r9 280x whichever is cheaper for you. the 280x is actually cheaper and will probably perform better, but much less efficient if heat is a concern. the 760 is usually more expensive, but uses less power therefore less heat and hence less noise from the fan.

since you did list gaming last while describing your intended use, however, perhaps you'd be better of with a better cpu. something like a xeon E3-1231v3 would be more suited to workstation tasks such as artwork and editing. it is also a quad core and runs slightly slower than the i5-4690, but it employs hyperthreading and a high L3 cache allowing it to handle heavy work loads more efficiently than the i5.

and lastly, the psu you selected is very nice, however might be a bit more than you need. if you were looking to save a little money there, something like a XFX 550 Watt or even Seasonic S12II 620 Watt would probably be cheaper and would work just as well.

i am judging by US prices and availability, and i am aware it is probably different in the philippines, but those are my suggestions.

well, if thermals really are a concern and you must have an aftermarket cooler, you probably won't notice more than 1-4 C difference between the listed coolers available to you. especially not if you won't be overclocking, and none of them will have to work very hard, so noise shouldn't be an issue there either (you may have to manually adjust fan speeds if noise does become an issue, but this should have little effect on cooling performance). water coolers typically run louder than air coolers, as they have extra noise from the pump as well as being mounted on a fan slot which is directly exposed to the exterior and not contained within the case like an air cooler. but like i said, none of them should have to work hard, so the noise shouldn't be an issue at all. the water cooler will probably have a shorter life span since it has more moving parts, each of which could fail, but we're still talking a few years at the very least. it does add a certain "awe" factor of having a water cooled cpu, and the installation would be a bit simpler, however. either way, it's a personal choice here since the price and performance between the coolers aren't much different.

the 760 is significantly better than the 750ti, but not worth double the price. what about availability and pricing on a 960? they're pretty new, but the price is lower than the 760 in the US at least. also, you stated your last system was a laptop, so you'll be using a different dispaly. what resolution will you be using? what is your budget for a display? i'm guessing there is limited availability compared to the US, but an IPS monitor is beneficial for artwork.

the 4790 will be much better than the 4690, but only with tasks that actually use the added features of the cpu. for every day use and even moderate gaming, you'll see no difference, as both will be operating far below what they are actually capable of. you will see a nice bonus when encoding videos or compiling a project and other cpu intensive tasks. whether you actually need the added performance depends on your usage. the i7 would typically produce more heat than the i5, but at stock speeds this isn't an issue (even when you don't consider the added cooler).

finally, 520 watts from a seasonic will be more than enough for this build in any configuration. the 3k could be better utilized on a better display, cpu, or gpu.

see the difference between gpus is much more significant than between cpus. but if the cpu intensive tasks are where you'll be stressing your machine the most, the i7 would benefit. in that case i even recommend the 4790K, even though you won't be overclocking. it basically comes factory overclocked to 4.0-4.4GHz and will prove to be substantially better than the locked version. you will, however, require an aftermarket cooler even to sustain the cpu at stock settings. the intel stock cooler is definitely not enough for the 4790K even at stock speed and voltage.

is there a reason it must be an EVGA graphics card?