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Should I buy a server OR use hosting companies dedicated server?

I have just created a website that is guarenteed to get high bandwidth. I dont have a server(s) in fact I dont know much about servers. A hosting company has an offer for a dedicated server, I just simpluy upload my website to their server and they host the site. There offer includes UNLIMITED BANDWIDTH. However, they are charging £400 Per month. Can anyone give me a rough idea of how much it is to buy a server that would withstand high bandwidth. (im not talking YOUTUBE bandwidth here) however I would need a high amount of bandwidth. Also, If I do decide to buy a server and run my website from my own home, what internet providers would allow me to do this. as there is the "fair usage policy" Hope you can help....

Public Comments

1. can you realistically estimate your bandwidth? What do you think your transfer will be? I wouldnt go this way, but, most service providers have a montly plan that will allow you to host a website or email server at home, without monthy transfer restriction. I would get a good estimate of your monthly transfer, and host with someone else....far less headaches.
2. I would highly recommend using media temple for your hosting. They offer a grid system that transfers power to the areas of the grid that are getting the most traffic. If your site suddenly receives explosive growth you can migrate to their dedicated (dpv) Nitro servers. The grid hosting service is about $19.95 a month and the dedicated Nitro servers are $750.00 a month but they are top notch. Obviously there are several tiers in between for you to choose from. Many huge companies use their hosting service, like nike and starbucks. You don't want to run a server out of your home on a highly trafficked site, it's a bad idea. First off, you want guaranteed uptime and reliability. Second, your home network pales in comparison to the OC3 connections that you get through a Tier 4 data center like Media Temple has. Also, you want redundancy and a sophisticated backup solution, this will take you a lot of time and money to implement. see: https://www.mediatemple.net/go/order/?refdom=dcplive.com