I just finished building a new workstation computer for 3D modeling and rendering, Terragen, photo and video processing and it is working well but I went a little crazy in some areas. My new system build is:
ASSRock x99 Extreme 4 Motherboard
Intel Core i7-5820K 3.3GHZ 6 Core processor (OC'd to 4.3GHZ)
128GB of RipJaws 2400 DDR4 Memory (Probably a bit of overkill but I couldn't resist)
512GB Samsung NVME 950 Pro M.2 SSD (OS and Application Drive)
500GB (x2) Samsung 850 EVO SSD drives
NVIDIA Quadro M4000 Workstation Card (8GB DDR5)
LG Internal Blu-Ray Burner Optical drive
EVGA Supernova 750 Gold PSU
Corsair H100i v2 Hydro Series CPU cooler
6 Cougar 120mm 1200 RPM Silent Case Fans (Intakes)
1 Cougar 120mm 1200 RPM Silent Case Fan (Exhaust)
NZXT Sentry Mix 2 6 Fan Controller
Corsair Vengeance C70 Case to hold everything.
I went this route because the motherboard will support both i7 and Xeon processors and I eventually want to upgrade to a higher grade Xeon processor, though I spent to much on everything else to get the Xeon this year.

So far I am happy with the results but still trying to tinker with quality, cache and bucket size to decrease my render times and maintain maximum CPU usage through the duration of the render. I have the system performing pretty well with all 6 cores (12 threads) running at 100% my system temperature is sitting stable at 68 (c) to 72 (c) for the duration of the renders.
I can verify Oshyan's statement about NVIDIA Quadro cards or workstation cards in general not really being an advantage for use with Terragen, though it does help with Adobe Photoshop, Premiere Pro and some other 3D modeling applications. GeForce cards should suffice nicely. Oshyan is also spot on about a ton of ram not speeding up renders, but I like having the headroom to handle more complicated scenes if I so desire to over complicate things, which I often do, the net result of watching This is Spinal Tap in my younger formative days.
Upgrading the CPU and RAM is definitely a good way to go.
Don't be surprised if your upgrades do not cut your render times in half though. With my graphics laptop running an i7 4700M 3.4GHz processor and 24GB DDR 3 RAM I posted 14:52 for the Terragen Benchmark, with my new system I believe I only saw a 17% to 20% performance increase on the benchmark. I will run it again and verify. Don't get me wrong that 17% to 20% increase is still a lot if you have large and long scenes to render, it just most likely won't take your 33 hour render down to 16 hours.
I originally wanted to get a dual Xeon system from a well know workstation company but the cost proved to be prohibitive this year, it was going to run almost $8,000 US, I built this system for less than half.
Now just biding my time to get my hands on Terragen 4 to see how the system handles it. I have the pre-order in and waiting as the days so slowly creep by until it is released.