I'd say it depends on the condition and layout of the house, as well as your neighborhood. We ourselves purchased in old Northwood, and our house does not have HOAs or mello roos taxes, which was very attractive to us (we had been looking in Stonegate, Woodbury, and Quail Hill). Our home was built in 1979 (no asbestos) and in a great little cul-de-sac. We met our future neighbors and found out that the majority of the people on our street have lived in their homes for decades. Our home itself was in good condition but was dated, so we did some renovation before moving in.
Although my wife sometimes wishes we had some of the floor plans available for the new homes, we certainly appreciate having a larger lot, having neighbors that aren't 2 feet from our window, and having homes that are not exactly like the ones next door. Plus, we ended up buying a home with a three-car garage and a proper driveway. Of course, I am sure we are missing out on some of the features of new homes, such as better energy efficiency, better layouts, as well as that new home and new neighborhood feel, but we have no regrets with purchasing in old Northwood.