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I would recommend buying fairly modern equipment, say within the past 5 years or so. Desktops, workstations, with a few additions/adjustments, can make excellent, energy efficient servers. As far as RAM, if your equipment takes DDR3, you will escape the ridiculous current price gouging. For RAM, I shop at MemoryStock. HDD drives still make good storage units, tho I go with SSD for the OS, and HDD for everything else. I would stay far away from enterprise type equipment, even though the prices may be tempting. The money you may save buying cheap, enterprise equipment will be spent on your power bill.
Redundancy covers a lot of ground. You can have a redundant server to fall back to should the wheels fall off of the main server. In the case of say a NAS, RAID gives you redundancy where if one drive fails, you can hot swap it for a fresh one and keep on rocking....pretty much. Redundancy can also apply to backups. I have a main, daily backup, and the same backed up to two different locations.
In addition to equipment selection, you will need to do some reading up on securely setting up a server, if you've never done so. Also start thinking about firewalls, WAFs, etc. I would recommend going through the Linux Upskill Challenge. Get your server set up and secured. Familiarize yourself with your server. Add a single service, and play around with that until things start to gel. Then you can think about slowly adding additional services.