If you take this as a movie on it's own and not a sequel, it's not that bad. While the movie was formulaic - family moves into house, family sees ghosts, family is in peril especially the child, family is helped by non-evil entities, somehow everyone is happy in the end. The poster for this movie is misleading as well since it is a picture of a woman in a dress being held in the air, which doesn't happen at all in the movie.
The most interesting this in this movie is the little girl Heidi, played by Emily Alyn Lind. Heidi really sets the scene. With just a movement in her face she is able to express joy and horror and only when the scene includes her did I feel even a little bit frightened. Like a lot of other horror movies these days this o e relies too heavily on heavy-handed musical cues and loud bangs, but honestly it wasn't very frightening at all, not to me. One of my other problems with some movies like this is that there are things set about which aren't at all explained. For instance there is a little motor home/trailer on the property and no one explains why it's there.
While I felt that this movie was like a whole slew of other ghost type movies, it wasn't horrible so I'd say if you have a moment go ahead and watch this, at night, with the lights off, it might be scary then. Just don't expect it to be a new idea similar to the original.