Its a trend, many families are downsizing and moving their parents to either assisting living or retirement community. My problem with that is if and when your parents or loved one need a home health care aid, neither of the facilities above will provide, and comes the out of pocket expense.
I would definitely moved my parents to a smaller place, not a minute before readjust their own place to make aged friendly home.
Like your parents or loved one, every evening I look forward to pick up my mail, fix my dinner and take shower and so on. And restarted all over again the next day. Without anyone telling me what to do next. For me all it matters is that your parents are safe and functionality for them should be important.