First flip- To Replace the Siding or Not..that is the question!

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Hi BP Land. I’m currently in the demo process on my first flip and still tossing around the idea of replacing the siding. The house is in a higher-end neighborhood where resale values range from $400k-$600k. The siding that is currently on the house is from the original build in 1978, and it’s vertical wide planked wood. It’s not attractive. My business partner seems to think we can just power wash, replace rotted sections and paint it. I think it needs to be replaced. Help us settle the debate! What say the experts? (ps- my partner is a GC and his employees would be doing the labor- so the material cost is the major deciding factor here).