I became a sahp recently due to illness. I hope to return to part time work in the near future. Finances are not an issue due to unusual wider family circumstances.
Pros:
Today I have a cold and I could stay at home and rest without spreading germs around the workplace.
I get a lot of pain with my condition and I can rest and do things at my own pace when I feel unwell.
Having more time to get jobs done around the house in the daytime means evenings are more relaxed.
I'm the one collecting my DCs from school, not a childminder, so if they've had a bad day we can talk it through. They really like coming home and playing rather than going to childcare.
I can attend assemblies, plays etc easily.
D H works abroad often for a few days at a time. Working out which meetings I could attend and pick up the children whilst he was away was a headache when I was working. I also had to work from home in the evenings. Now DH can do his hobby when he wants without checking if I'll be home for the children.
I've finished Christmas and birthday shopping and have offered to help with school fundraising events. All the school admin, forms etc is done easily. I help the DCs with homework and hear them read without it being a rush.
Appointments are done in school time. Occasionally I'll meet friends for a coffee. I'm in the house and can take deliveries, let workmen in etc.
I can keep the children at home when they are ill, have inset days etc without worrying.
Cons:
DH is fine about me not working but I do feel I want to contribute to family finances again.
I feel less useful and miss being a professional.
I miss the work social side.
Hope that helps. I worked part time after both maternity leaves and feel glad I did but there were times when it was very difficult.