Bex,
I would love a homebirth myself due to the fact that you are in your own comfortable environment, no medical equipment, you keep a little bit more dignity etc..... BUT...... Due to the fact this is my first baby, I want to be in the hospital environment where I have the reassurance that if something went wrong, it is only a floor up to theatre and they could get my little angel out, safely. The traffic where I live is a nightmare, so I would be worried that if I had a homebirth and they had to transfer me to hospital, it would take too long. Also, if I can't handle the pain, I know that in hospital you have more options of pain killers close by!!
If all goes well with my first (in four weeks), I will definately consider a homebirth for my second. Where I know what to expect from the whole birth experience.
Good luck in whatever choice you make!!
Julia xx