There are many houses in the world that have been standing for more than half a century, and there are people have found it is cheaper to do a complete remodel rather than building a new home. Some of them are looking for a house they can recreate as what they want, but others are seeking a structure they can purchase for a lower cost. It does not matter why they purchase it; what matters is that they will invest the time and money they have to update a structure instead of knocking it down.
Remodeling an older home is a good way to recycle the past into the future, and it can be a good way to save money during the purchase. For those who are willing to do their own work, it might save them a good deal of money over time. Not all houses will be inexpensive to remodel, and finding out that the underlying structure needs to be replaced can make it more costly in the long run.