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Very Basic Questions

Very Basic Questions

I have always just scripted our website myself with some PayPal Cart buttons for shopping.  I am looking into upgrading our site with a Magento, but have a couple simple questions about working with a CMS that I can't find an answer to.

1) After fleshing out the site with a chosen theme, can you still make minor HTML or CSS changes within the script instead of within a user interface?  Would these changes be lost with an update (Magento or theme update)

2) With every Magento update, is a theme update necessary?  If you purchase the theme, do you pay for the updates too?  How do you know when a theme update is available or needed?  I am considering either a paid theme like Porto or a free theme like Absolute.