We started this business of planning to down size radically and move to an Apartment in a Retirement Complex some few years back.
Like yourself although we are two,we have no family back up and at that time we were the wrong side of 75 and both with lifethreatening illnesses.
Thinking ahead we felt we had no real choice.It had to be done for our future security and peace of mind.
Twice we have lost out one way or the other,the last time was just prior to christmas, and so we have resumed our plans again just recently.
It takes a lot of upheavel as we found initially because we have a large property with grounds to match, and every season it is getting very difficult,and costly, to maintain.
Of course having bought a while ago,trimming both home and garden into our ideal place...... it is a wrench.
However when you think of your age,health,proximity to all amenities and then getting much older but still having to cope, of course moving into a smaller home makes a lot of sense.
Although ours was and still remains an Apartment of choice, a small bungalow with little grounds and within a close with similar aged people,whilst obviously you can manage those management fees, it seems the sensible approach indeed.............please do not hesitate.
If we have any regrets, it is that we perhaps should have decided on all this around 70............fit and well enough to cope with the upheavel of a move, whilst young enough to make this new place into a cosy little home............with time left over simply to enjoy.
Just go for it and Good Luck!!!