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In addition to Rifat's good adivce, be sure to look around the potential hosts website and make sure there is contact information, especially a phone number and postal address.
Figure our what your sites requirements might be and make sure your host will allow you to upgrade plans easily as your site grows. Do not shop on price alone, chances are if a host is offering you the world for just a few dollars, you will get screwed.
If you will be running an ecommerce site, make sure the host will give you a dedicated IP. Some hosts offer a free shared SSL, inquire about this if you think you might want to use it.
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