My wife works for her company from home as well. Her company's headquartered in NYC, and so all of their west coast employees work from their residences. I guess it saves them on office overhead.
Her company gave her a laptop, a printer/copier/fax combo, pays for office supplies, and pays for our monthly phone and internet bills. Saves us almost $100 a month
aidricksdad, you should find out if they'll pay for the extra phone and modem lines.
It's a sweet deal, and she knows how lucky she is to not have to commute in Los Angeles. Her commute is 30 steps from our bedroom to her home office!
She gets to travel every 6 weeks or so to NY, DC, San Fran, San Diego, Florida, and sometimes to Europe or Asia for her job, so she doesn't seem to get stir-crazy from not being in an office.
She says that she does miss the office friendships she had before we moved to LA (she worked for the same company in an actual office in Canada before we moved), but she appreciates the extra time she has to go to the gym, for a walk, or to spend with me

. Plus, she can go to a coffee shop or a park and work there if she wants to.
As long as she gets her work done, she can make her own hours- she doesn't have to keep regular office hours.
Oh, and no fridge problems for her......