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There are different approaches to creating a good villain. One is to have him or her truly evil and completely irredeemable, like Count Dracula. Your readers will hate him and root for the good guys to wipe him out. This is the sort of villain you can kill off at the end of the story, with your readers feeling relieved and satisfied.
A more complex, and interesting, approach would be to create a "conflicted" villain. Instead of a purely evil Count Dracula, you could create a villain more like Barnabas Collins, the reluctant vampire of Dark Shadows fame. Barnabas had been a good guy until the vampire curse was placed upon him, leaving him despising what he had become. He's a "hero-villain" antagonist who the audience can root for because they too want to see him cured of his affliction and end up with the girl. In the interim, however, they'll see him wreak plenty of havoc.
Some storytellers like to take chances by having their protagonist, or hero, go bad. Interesting approach, but it can be a little tricky. If you're going to attempt it you need to have a character with plenty of redeeming qualities, otherwise your readers won't be able to make a connection and they won't root for him or her. By the end of the story he or she will have to renounce all the bad things they did earlier, and be willing to do whatever has to done to make up for the sins of the past. If not, your readers will not be satisfied with the ending, assuming they even stayed with your story until the end.
Another way to conclude your story would be to end a tragedy with tragedy, especially if your hero-villain has done some really nasty things in the past that simply can't be walked away from. At the end of the original Star Wars saga Darth Vader renounces the emperor and turns away from the dark side of the force, but in so doing he has to sacrifice his own life in order to save Luke. It certainly made for a dramatic, and satisfying, end of the conflict.
So there you have it. With a little imagination, and a few character quirks, you can create develop interesting and memorable villains who can keep your readers engaged. And that's what good storytelling is all about.