This movie holds a special place in my heart. Yes, by the standards of 2020 the special effects could be better. But we've seen the remake so we know new does not always mean improved.
This is what I like in a horror movie. Suitable for older kids as well. As much as I appreciate R rated horror, I like PG-13 better. Because, like this movie, PG-13 focuses much more on story and characters. The fear of the family and all the emotions in this movie feel genuine to me. Even watching it today, I don't find the acting to be over the top. Much of what people see in this movie has become a trope, but for many of my generation, you saw it here first.
The score of the movie and the famous line of "They're Here" will always be an important part of our pop culture as much as the shower scene in "Psycho"