You have lots of good advice here to think about, the only thing I would say that I think bears repeating is - the cost of materials is nothing compared to the time your hand quilting will require. Unless you are a lot speedier than I am, I'm sure you are, it's going to take you a year or so to do just the quilting. Depending of course how detailed you get with your quilting. To me that is where the pricelessness comes to play.