Price/neighborhood of the home is another big factor.
Our realtors were telling us that a pre-owned custom-built home in a gated neighborhood that they had listed for $1.2M (in 2019) would likely have its kitchen and master bath gutted after possession but before move-in to the tune of $100k-$200k, because that's the expectation in that price range and most custom kitchens in that price in this area are hyper-specific to the owner at the time ($1M+ is very uncommon around here).
Our 1961 Mid-mod kitchen has had minimal work done to the lowers (add a cabinet where a desk used to be, install a dishwasher), a new laminate countertop, a new wall oven, and nothing done at all to the uppers other than perhaps new pulls and removing the through-attic hood vent, and that was all in the 58 years before we bought it. We have no plans to do anything except maybe replace the vinyl floor with honest-to-goodness linoleum at some point. It's period correct and we love it that way.