Do!
Had a wonderful home birth with DC2. Calm, relaxed, stress free.
Deep down I knew I always wanted a home birth but tbh first time around I didn't have the confidence. Although I was prepared for birth and am a naturally stoic person I wasn't certain how I would react or cope with the pain. So, DC1 was a hospital birth. It was straightforward and not at all traumatic, I coped well and used just a TENS for the pain. This then gave me the confidence second time around to plan a home birth from the start.
I do know someone who had a successful home birth first time around though. I expect you'll get people suggesting a hospital birth first time - just in case. Looking back I know DC1 would have also been a successful home birth and although giving birth was a positive experience first time around it would have been soooo much nicer to be at home.
The difference for me is that with home birth there's no stress around - is it time to go to hospital yet??? You are never left alone (or just with DP) while labouring and expected to just get on with it. And once the baby arrives you can cuddle up together in your own bed and DP never has to leave you because visiting hours are over.
Talk to your midwife, inform yourself as much as you can. Share this information with partner, family and friends - they are likely to feel sceptical. There's a very good website about home birth in the UK. Someone will be along with the link I expect!
Many first time mothers transfer into hospital despite having planned a home birth but this is usually for pain relief not because anything terrible has happened. So if you decide to go ahead and plan for a home birth then spend time thinking about and preparing for how you'll cope with labour pain. JuJu Sundin's "Birth Skills" is excellent.
Best wishes with everything.