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first i would go windows 10 over 8.1 due to dx12. i would also get a 390 instead of the 290. the cpu is fine it is still pretty much the best cpu out their (skylake didn't improve anything much.) it should handle any game
first i would go windows 10 over 8.1 due to dx12. i would also get a 390 instead of the 290. the cpu is fine it is still pretty much the best cpu out their (skylake didn't improve anything much.) it should handle any game
 
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PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-4690 3.5GHz Quad-Core Processor ($214.99 @ SuperBiiz)
Motherboard: ASRock H97M Anniversary Micro ATX LGA1150 Motherboard ($67.89 @ OutletPC)
Memory: G.Skill Ares Series 16GB (4 x 4GB) DDR3-1600 Memory ($79.99 @ Newegg)
Storage: Samsung 850 EVO-Series 120GB 2.5" Solid State Drive ($69.88 @ OutletPC)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($45.88 @ OutletPC)
Video Card: Sapphire Radeon R9 390X 8GB Tri-X OC Video Card ($373.98 @ Newegg)
Case: Corsair 300R ATX Mid Tower Case ($64.99 @ Micro Center)
Power Supply: EVGA SuperNOVA G2 650W 80+ Gold Certified Fully-Modular ATX Power Supply ($84.98 @ Newegg)
Optical Drive: LG GH24NSC0B DVD/CD Writer ($13.98 @ Newegg)
Operating System: Microsoft Windows 10 Home OEM (64-bit) ($89.88 @ OutletPC)
Keyboard: Cooler Master CM Storm Devastator Gaming Bundle Wired Gaming Keyboard w/Optical Mouse ($24.99 @ Newegg)
Total: $1131.43
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-01-13 17:48 EST-0500

More RAM as the best and newest games are going past 8G now.
Better Graphics card. Yours had no price which is why the build seemed so cheap.
Top quality power supply.