Location of the server is generally not an important issue depending on your ISP/country's connection to the datacenter where the server is located. Pings to the server can normally tell you the network latency to expect when people from your area access your site. Lower ping rates means that your site will load faster.
Lastly, take time to identify and contact a webhost to ask about their service. This would give you an idea of the kind of support that you might receive and help you in deciding if you want to go with the web-hosting provider.
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