Anyone in this situation like the original poster is doing the right thing by asking experienced folks. And just having this question, do I need a better instrument, indicates that there is an awareness some inadequacy.
Too often however, the advice goes straight to money matters. As a practical matter learning about how a mandolin is made more playable is as valuable as in knowing how much money it will take to get the 'next' instrument. And in the long run, set up and play-ability are issues in all levels of pricing. Just on a smaller degree. And yes, you can hear and feel the difference by playing other mandolins.
The other aspect, aside from the constant 'drum-beat' of money and price levels, is in your own ability to play the instrument. That can cost nothing by the way. So consider what to do about that. Take lessons? Watch videos. Ask a friend? (I borrowed a nice Gibson when I started.) Maybe buy a book? Yes!
Learning here is a step in the right direction. However, you have to do the walking. (You don't want to suck, when you finally, can audition that killer mandolin.) So exercise your fingers as well as the brain. O.K.
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