Hello! I highly recommend The Positive Birth Book by Millie Hill, this will help you decide where you want to give birth. Also the Birth Place Study which took place in the UK a few years ago and studied c. 60K births is a great resource for balancing risk (to both you and baby) and your decision of where to birth. I'm also a first time mum, currently 18 weeks.
For me, I have opted to aim for a home birth. This is for many reasons but I'll set them out coz maybe it'll help you with your thinking and your decision :) There is not a MLU in my area (closest one is about 30-40 min drive away). I feel like a 40 min drive while having contractions every 5 mins is not a good idea if I can avoid it, but I do have the option of changing my birth place to the MLU later in pregnancy if I like. With a home birth, I can also decide to transfer to hospital on the day. You aren't locked into anything. The hospital isn't bad but the birthing rooms do not have their own bathroom. For me this is quite important because I know that to labour and birth well, its important to have privacy and be comfortable (more on this later). I don't want to have to go out to the main ward bathroom etc. With a home birth, I have the midwife come to me throughout my pregnancy, appointments at home, two midwives at the birth who are extremely experienced and who I will have met and know already, and they have the ambulances on call during the event if you needed to be transferred. The hospital is also only 15 mins away so feel pretty safe I would get there quickly. Hardly any transfers happen due to an emergency (I know this because of the books / resources etc I've read) it's usually if mum needs more pain relief or labour isn't progressing.
I am also happy with aiming for a home birth because I know I do not want to have an epidural (again due to the books etc! so useful to read up). I want to use birthing pool, gas and air and maybe pethidine if needed. I learnt that the hormone oxytocin is crucial to give birth and this is produced with your lizard brain aka your subconcious brain is at ease which happens when you can have dim lighting, familiar people, cosy environment. Basically when you feel safe but on a deep level, not necessarily an intellectual level. So a home birth or MLU setting is ideal for this.
What is the MLU at the hospital like? Can you dim lights? Does it have a pool and equipment for an active birth? Does it have your own bathroom? If all these things, this could be a good option, as you will have best of both worlds. :) Another thing to consider - could you transfer from the MLU to hospital if you found you needed stronger pain relief? How far away are they?
I think the risk balancing thing is very personal, but also nuanced, and a lot comes into it. For example, I've heard stories about the baby getting distressed and then being rushed to NICU as soon as it is born, or the mother being rushed to have a c-section, and this is obviously only possible in hospital, so it naturally puts the fear into anyone and makes one afraid to do it at home or at a freestanding MLU. BUT, who knows why the distress happened in first place? The distress may have in part been caused by being in a stressful hospital environment in the first place with stranges, bright lights etc preventing labour from progressing well. In stories like this people often denounce home births or free standing MLU. But it is sometimes hard to know whether the complications would have arisen in a different setting or not, if you see what I mean? It is not an exact science. But the birth place study says that MLUs are just as safe as hospitals for first time mums and babies, but also much less likely you will have interventions. Another thing to bare in mind is that midwives are very good at knowing if something is wrong and they will always blue light you to hospital as soon as it seems you might need to go - they won't wait till the last minute or put you at risk.
Sorry this is very long but I hope helpful! I've done tons of research :) I would also recommend Expecting Better by Emily Oster xx
In the age of COVID who knows what will be possible by the time my baby is due and I'm happy to go to hospital if needed. The best thing about reading some good books is that you can feel confident you know what you want, what the risks are, and you will then be able to manage most eventualities well :)