Trust me, folks ... it’s the room AND the power.
As to the room, I have a square, 10x9x8 converted upstairs bedroom for dedicated listening, which is an awful configuration for sound. Left untreated, the sound is absolutely horrible, and I mean "fingernails on a blackboard" horrible. Before I gave up completely or continued on the component upgrade merry-go-round, I implemented corner bass traps, rear wall absorption, and side-wall first reflection point panels. I’m very happy with the results.
As to the power, I determined that there was a lot of dirt in the lines, but dedicated lines were not feasible. So, I got items that remove line hash at various frequencies, and series mode surge protection. Those did the job ... sound clarity and headroom have improved dramatically. The neat thing is that I no longer have inconsistent listening sessions where the sound is great on one day and not so good on the next. Addressing the power issue is just as important as the room.
Of course, quality components are essential and don’t have to cost you an arm and a leg. However, failing to address room and power issues, no matter how good the components, can be fatal to the listening experience. So, before the OP goes spending a lot of dough, I think that first scoping out the listening environment is critical to good sound ultimately.