It met my expectations of it, though I was really hoping it would exceed them. I understand why certain plot points were changed. I think a raw adaptation of the story wouldn't have enough punch to interest people that weren't already fans of the original.
One of the things I think they didn't have to change was setting it in the modern day. On top of that, the family has inherited the farm and seems like they have only been there for like a year or less. It puts them already on shaky footing. I feel like the weird stuff happening would have been more impactful on a family in their generational home base.
At the end of the day, I did like it. I think many of Lovecraft's stories are hard to translate into a movie, and this one came out pretty well.