How do you decide which old content is worth updating instead of creating a new page?

Priya_Motwani said:

I’ve noticed that some older pages can regain visibility after a proper content update, while others don’t improve much. What signals do you look at before deciding whether to refresh an existing page or create a new one?

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I normaly begin by checking the GSC to see if there is any impresion at all regarding something that could be worth it. If it had been lost but was still relevant to the search query, I would refresh the page rather than generate a new URL.