I'll go along with that.
When my wife and I built our present house 15 years ago, we considered remodeling a farm house I owned at the time. We'd always rented it out, we'd never lived in it ourselves.
The bottom line was, we could have put $100K into remodeling it and still would have had an 80 year old house with a good part of the floor plan from that era.
We went with new.