What are the pro's and con's of having a venue or a home wedding?

We currently have put a $300 down payment on a reception site and still owe $1000 or so. We thought about having a wedding at our house. We would have the same amount of space so that is not an issue. I know $1000 is not alot for a reception site but that seems SO much to pay for somewhere for a few hours. Even though we have already paid $300 they also have a florist company and they may let us transfer the money towards that. Either way I think we would still save money considering we have more than enough very nice china and dishware/ glware we could use, we could rent tables and chairs from the church, we would have to rent linens for tables and chairs but that would not be much. We have our yard professionally landscaped and it's very pretty. The inside is beautifully painted with real wood door frames, molding, and a granite? and wood fireplace, wood floors and other things. That would save money with decorations. We would not have to buy much just for inside mostly. It is a pretty nice house I would say. On the outside it's brick and tan siding we have a HUGE deck available for a possible dance floor. Our possible guest list will be low and we are only inviting close family and friends and we wouldn't have to worry about them "wandering" the house. I would be nice for the realitives to not have to drive about 30 min to the recpetion site but only about 10-15 to our house. Also nice to be able to start decorating whenever not having a few hours to do it the morning of or whatever. It would be nice to not have to transport stuff. Were making our own cake(no negative comments we make professional cakes all the time and we dont have a true bakery in this town just crap like wal-mart) and that was our issue was transportation. The dinner would be a lot cheaper and consist of a lot more. What would you do?