I think homeschooling is great for older teens but for the most part should not be done until middle or high school.
Homeschooling is great, Ive been educated in my home for most my life, education of children inside the home can be very beneficial to a child's mind too..
It can be very beneficial. Have you seen any bad effects on socialization?
Socialization
In sociology, socialization is the process of internalizing the norms and ideologies of society. Socialization encompasses both learning and teaching and is thus "the means by which social and cultural continuity are attained".
Socialization is strongly connected to developmental psychology. Humans need social experiences to learn their culture and to survive. 
Socialization essentially represents the whole process of learning throughout the life course and is a central influence on the behavior, beliefs, and actions of adults as well as of children.
Socialization may lead to
home schooled. Until 1969 homeschooling was a recognized form of education.
See also special school.
Legality by country or region Europe Norway.
Homeschooling is legal. The municipality is responsible for checking that the homeschooling's curriculum is "equal to" public schooling, but the wording of the law is vague and does not prescribe how this is supposed to be done. Hence, every municipality does things differently: some municipalities assist the parents by providing funding for educational materials, while other municipalities make it a child protection issue.