My dad recommended this movie to me calling it a classic vampire horror film.
I would definitely say 4 stars since some things were introduced at the most random times. For instance, werewolves - do the vampires have an ability to turn into a wolf in this universe or something (I thought it was separate). Another reason I'd give Four stars is because how does her hair change from being so short to shoulder length throughout a story that takes place in maybe a week, not to mention her hair turned from dark brown to blonde/ginger.
But I definitely will say, I enjoyed the character development of all the main characters, and I enjoy knowing that the movie is based off of a show within the movie (Fright Night) and one of the characters remarks, "Fright Night... For real."
I'm a 21st generation so I will only be able to guess that the effects were the best for its time.
All in all, I would recommend this movie. (Even if it is a little cheesy at times)