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Should you upgrade your house with increased income?

These days we have more money at our disposal. “How best can we utilize/invest this hard earned money?”. And one such dilemma could be deciding whether to upgrade our house? Will it prove to be a good option to use this extra money? Is it a good decision at this point of time? If yes, then shall we go for a high end villa or a 3BHK or 4BHK.? Or shall we invest in something else? It IS an adventure for sure. Because one wrong move can cost a lifetime.