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What are your plans for the VPS (ie, what services are you planning to run). What may be a better solution is a quality Cloud & Load Balanced cPanel service which would give you the flexibility/growth your require. This could certainly be done within your budget, however before I provide recommendations I would like to insure the service meets your requirements perfectly.
I'd like to add that "unmanaged" means it's your job to fix; the only responsibility that the host has is to make sure the server is running from their end, so basically just hardware issues and potentially control panel issues that the vendor has to get in on.
Person or a webmaster having enough technical knowledge can opt for unmanaged vps, but again the budget issue comes. The budget provided here is not sufficient for the requirements you have specified. Hence, better opt for a high customized solution or a dedicated server hosting package. Most of the providers will offer managed dedicated hosting service.
Managed VPS: Typically, the provider offers several choices (or a fixed option) among which you can select one during signup. ...
Unmanaged VPS: You are free to install any operating system on your server, and you can even uninstall the existing OS and switch to another one at any time
If you have some technical knowledge about the server, website then I will say choose Unmanaged. Def you are going to save your money. Also You will get much deep knowledge abt these technical things.many of us choosing Managed,as they don't have time and also deep tech Knowledge.
But at last, its all depends on you.
And finally, if you planned to choose Besthost, then I will recommend you Hostingwebsite.io or Serverfix.in .Believe me, they are Amazing, with there quality of service and low Price.