Toward the end of 2023, we upgraded to a larger finished home we didn't need. Three years later, I want to share whether it was worth it, so you can make a better decision if you're tempted to do the same.

More than any other material item money can buy, a home is the most desirable. The average person spends over 14 hours a day at home, so there's also probably no investment we use more. Sure, we have to wear clothes in public, but we swap them out every day. And last I checked, my t-shirts and shoes don't appreciate in value.

Fine watches and jewelry are nice and can appreciate too. But we don't wear them every day, and we definitely don't live inside them. So hands down, a home is the best combination of enjoying your money while also potentially making a positive return.

Upgrading to a home you don't need is a slightly different animal.

If you upgrade into something other people find undesirable or unnecessary, your home probably won't give you a positive return you're hoping for.…