Often a baby is born vaginally, every phase of labor and delivery having been completely normal. Yet within a moment the baby may not be breathing. A hospital has resuscitative equipment on hand, but your home does not. The riskiest time in a newborn's life is the first 24 hours, and except when your baby's with you, a hospital has a nurse watching him or her the entire time. Any abnormalities can be immediately assessed and pediatricians notified.
Some people still choose home deliveries and their reasons are many.
Many see a certain beauty in the hearth. Others fear and distrust motives of doctors and hospitals. Still others do it to avoid the big hospital bills. As far as the beauty of the home for important events, save that beauty for important events like your baby's following birthdays, not THE birthday. You will want to stack the deck in your favor for taking part in the birthdays to come.