So I've got my story. After spending most of the week fleshing out the plot, I run into my next crucial question. Point of view (also called narrative perspective) is nearly as important as the plot. There are many choices, all of them with their pros and cons. Generally, when writing the types of novels I work on, there are three choices: first person, third person limited, and third person omniscient.
First person, which uses the pronoun I, is great for getting into a character's head. You can reveal all thoughts and feeling your lead character is having and you get to know everything that character knows. The main character is not a mystery. This is great, and would be great, except for the obvious drawbacks, the first of which is limiting the point of view. As a reader, you only get to know what the main character knows. There is no way of introducing any other information (unless I make use of the idea of the Interlude, but these always annoy me).
The other problem is one of suspense. If I'm using first person, then the reader can guess, probably accurately, that the main character is sitting by the fire telling the story after the fact. The main character survived everything that happens. I don't usually like to kill off my main characters, but I do it occasionally and I like to have the option.
Third person limited is not all that far removed from first person. Third person uses the pronoun he or she, but the point of view is still limited (for the most part) to the main character. This imposes some distance between the main character and the reader, and as an author, I don't have to reveal everything the main character knows. This allows for more mystery and some suspense. But I still have a hard time killing off the main character, since we've been mostly in his (or her) head the entire time. Also, this point of view can become boring for some readers, which is the kiss of death for any author.
Then we come to third person omniscient. A good point of view, as far as it goes. I can dip into anyone's thoughts at any time and I only reveal what I want, and only when I want to. I can kill any character and keep the integrity of the story. The problem? This point of view can seem cold and distant, which it is to a certain extent. It also leaves me open to being accused of head hopping, which is leaping from one point of view to another and confusing the reader while doing so. It can be done, but it takes a little more care and patience to do it well.
My choice, as always, must be dictated by the story itself. Looking carefully at my plot, it became clear to me that I only rarely drift away from my main character. With a little careful rewriting I can eliminate these scenes and drift closer to first person point of view. But I don't want to get that close. A little mystery is good for this particular story, since I don't want to reveal the end too quickly. Third person limited, then. But I like the intimacy of first person, so I think I'll do a prologue and an epilogue in first person. The best of both worlds.
When you are searching for a point of view, disregard what's popular and what you might be used to. This decision should be driven entirely by the story, and not by what is currently popular.
Want more information about narrative perspective? They this little video for starters.