I have watched a lot of videos recently on people making water cooled gaming computers and since I am in the market to build a new computer I was wondering your guys's thoughts on water cooling and If it is worth it? My main concern is price since I dont want to go overkill for my new pc.

I haven't tried water cooling yet but I think it's definitely worth trying sometime if only for the experience. The entry cost is indeed a bit of a turnoff but I think many of the parts can be reused (fittings, reservoirs, rads) that it might not be a bad investment in the long term. 

If you run your cards very hard, it can be. In the summer my fans get loud and I know I could benefit from some liquid cooling. 

if money were no subject, i mean there is nothing really wrong with water cooling
 
but if you have a budget, why would you risk it?

"Worth it" is totally subjective.
 
In terms of performance/dollar, no it's not. You can get more performance, but it's generally a barely noticeable amount over what could be achieved with an optimized air cooled system for a lot less hassle and considerably less money.
 
However. For many(though far from most), myself included, building the pc is just as much a part of the hobby as playing games on it. I enjoy building and tinkering with my computer so the added maintenance is more fun than annoying. Seeing what else I can get out of my system is also fun, and it's really the only way to extend the computer building experience. If you take pride in the computer as much as your skill in games, then water cooling is definitely worth it.