Keep firmly in your mind the sort of assets that you require to serve your site(s) when seeking a host. Cost in a VPS is important, but not as key as you might think. VPS resource availability is scalable, so the cost that needs to be looked at is comparable cost from one host to the next. Also – as cPanel revised their pricing model recently, web hosting companies across the board will have to pass those costs on to users sooner or later. You will need to consider the cost of control panel when selecting a VPS plan. Companies like ScalaHosting has developed their own control panel to mitigate this issue – so their users would have little issues with the price hike.
You’re paying more, so there SHOULD be a minimum uptime guarantee and better server speed. Look for a host that offers 99.5% at a very minimum, although ideally, I’d rather go with someone who offers 99.9%. Search through some reviews as there are many who have put this to the test. For example, any of WHSR’s many web host reviews include an uptime record as one of our key tests.

Expert Overview:

Unmanaged VPS plans are available with a number of virtualization frameworks and hypervisors, with most users looking for "bare metal" isolation for increased security. Microsoft has also developed the Azure cloud platform for Windows servers on VPS hosting plans with elastic scalability that rivals AWS or Kubernetes. Windows is used frequently in private/public cloud orchestration for enterprise IT, whereas most small businesses running Windows servers for ASP.NET apps choose "bare metal" VPS plans.
This process (with minor modification) also works to migrate existing Arch installations between various environments and has been confirmed to work in migrating from OpenVZ to Xen and from Xen to OpenVZ. For an install to Xen, other hardware-virtualized platforms, or even to physical hardware, extra steps (basically running mkinitcpio and installing a boot loader) are needed.
Read More
Essentially, here’s the criteria I would use to judge things – if your site is made up of primarily static, HTML-based content, then you probably don’t need a VPS package.  However, if you have a large amount of files stored, multiple sites, dynamic content, and the possibility of major traffic from time to time, then you might consider upgrading to a VPS. It’s a powerful package that allows you to do more than you could with a shared hosting plan, but requires less investment than a dedicated server.