My husband is an OB/Gyn, and we had our first son when he was in residency. He practiced his ultrasound techniques quite a bit on me, and that's actually how we discovered our son was breech around 30 weeks or so--when he should have been head down. Both my husband and my OB checked on my son's position a lot after that, but unfortunately, he never turned and stayed head up the entire time. We scheduled an external version/C-section at 39 weeks. My doctor tried to turn the baby from the outside, but his little behind wouldn't move out of my pelvis. When his heart rate dropped with each push, my OB, husband, and I all agreed a C-section was the best course. It was the first major surgery I'd ever had, and even though it was painful afterward (you don't realize how much you use your abdominal muscles until they've been cut!), I was actually walking around the block about two weeks after leaving the hospital! I recovered fairly quickly and had no complications afterward. In fact, about a year later, my OB had trouble finding my C-section scar!
When we decided to get pregnant again about a year ago, my husband, who is now a practicing OB/Gyn, said that I was qualified to try for a VBAC. All of the doctors in his practice were supportive, although I was a bit scared, since I never went into labor or dilated with my first son. I was able to go over my due date, since the baby was head down and looked great, and three days after it, I started contracting. I contracted all day, and since I spent that time at my husband's office while he saw patients, he pretty much monitored me and the baby throughout the day. Everything was progressing slowly, so we had time to go to the hospital and get me set up for an epidural. Once I had the epidural, my doctor (not my husband; he was the daddy, after all) was comfortable with breaking my water. She was going to give me pitocin afterward, but when she checked me, the baby, who was still a bit high before then, came down and his cord came with him--something which is rare and which we wouldn't have foreseen. Since cord prolapse is an emergency situation, I ended up getting another C-section. At that point, all I cared about was having a healthy baby. He turned out just fine and bigger than my first son. I'd had him at 10:00 at night, and by the afternoon the next day, I was off my IV and catheter and was starting to get out of bed and get around. I recovered much more quickly the second time around, since I knew what to expect and had another child at home to care for.
The best advice I can give you is that if you know your child is breech, you should think very seriously about having him/her in the hospital--and I'm not just saying that because my husband is an OB. You and your child would both be monitored throughout the entire process, and the hospital can take care of any emergencies that may arise (and could arise with such a situation), whereas you don't have the equipment and support you might need at home. That being said, it's your decision, and I've heard of babies turning on their own at the last minute--even during labor. Just do what you feel is best for your situation.