Do you remember those times when you were living on a college campus with very noisy roommates? Or maybe they were super quiet and you enjoyed every day? The point is, it was a gamble - you never knew whom you ended up with. This is pretty much the same as having shared hosting account - you haven’t the faintest idea who is your roommate on a server. The analogy may sound funny but if someone on a shared server becomes a distributed denial of service (DDoS) attack target or get blocked for mass mailing, other accounts on the server will be affected as well. Also, if a shared account abuses server resources, the whole server will be impacted. Using a VPS is like owning a house with a 9 foot privacy fence. You won’t be bothered no matter what your neighbors are doing.
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.
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The answer to this question is a definitive “maybe.” Since you’re looking at this site, you might be a Web designer who has a few sites, an online portfolio, and a couple of long-standing clients whose sites you manage. Is a VPS for you? Well, you’ve most likely outgrown a shared platform, and as a professional, it won’t do to have your site run poorly because another site that you share a server with is using more than its fair share of resources. A dedicated server could be overkill – if you don’t need all the resources on a consistent basis, you may not be able to justify the expense.