I home-schooled my daughter twice (two years during early primary school and two years during her first years of high school) when she was growing up and we both loved it. I found it was a great way to bond together and I think it has a lot to do with how close we are now. However, I acknowledge that it probably isn't for everyone, as we're all so different....both adults and children.
The reactions I received from other people was varied. Some thought it was outrageous while others were extremely supportive. If you really feel strongly about home-schooling your kids it's really important to stay determined even if people around you are negative. If you can find a good home-schooling network you'll get the support of other like-minded people, and many groups organise fun group excursions. There are all sorts of groups. Some are religious, some are open to everyone or focus on a specific educational style such as Steiner or Montessori education. Other families have a special needs child and want to connect with others who are in a similar situation. To find out about home-schooling groups in your local area do an online search. Here in Perth (WA) there's a wonderful group called the Home-based Learning Network (Hbln) that I strongly recommend.
If you're planning on home-schooling it's important that you know what you're doing academically. If you struggle to help your kids with their homework (especially older children or teens) perhaps consider purchasing a home-education program rather than creating your own lessons. Speak to other more experienced home-schoolers for advice about this.
Sometimes people will grumble about home education, saying that home educated kids don't receive enough socialisation. Personally, I don't think this is true, as it depends entirely on the parents. Just make sure that your children get to engage in heaps of extra-curricular activities such as sporting groups, arts and crafts activities, etc. There are so exciting children's activities in the wider community!
If your child is a sensitive shy type who often gets picked on by rougher children, home-schooling can be a crucial way to preserve their self-confidence. You can pick and choose the company they keep and encourage positive supportive friendships that will nurture and strengthen them rather than hurt and damage. Negative experiences in the classroom can have life-long implications, and home-education is a way to protect your children while they're still young and emotionally vulnerable.
Home-schooling is a fabulous and fun educational adventure. If you decide to give it a spin...all the best and enjoy the learning adventure!