I used to homeschool my kids - it was great. We loved it. Our schedules were easy and my kids had a ton of opportunities. About the social skills....my kids were very involved in extra curriculars so that was never a problem for us, but be aware if you do keep your kids home all the time etc, that it can become a problem. When I put my kids in public school they both tested well above their peers, and they hadn't been sitting in school 6 hours a day when they were taught by me - it was more like 3, max.
If you have any more specific questions, pm me - I homeschooled for 3.5 years and there is just too much info to type!