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Rekeying is typically cheaper than replacing locks. Professional rekeying costs between $40 and $160, sometimes with an additional fee of $15 to $40 per lock. A locksmith's hourly rate averages around $75. If you do it yourself, a rekeying kit can cost as little as $10. In contrast, replacing a lock costs between $130 and $500, with an average of around $315, depending on the hardware and lock type. Rekeying is a simpler process that changes the key for your existing lock without replacing the hardware. It is a good option if you have a quality lock that works well, you've recently moved, you've lost a key, or you need a quick security upgrade. The best choice depends on the condition of your current locks.

Yes, most pros encourage you to change your locks when you move into a new home. While the previous owner may hand you their keys, you have no way of knowing whether other copies exist elsewhere. Changing your locks as soon as you move in is a great way to ensure that you can enjoy new, fully functioning locks that will work with your unique key or code.

Deadbolts are solid and durable as can be, but the pin and tumbler can still be forced open, thus making this type of lock susceptible to picking. Most types of deadbolts are harder to pick than a traditional spring-based lock, though. It requires a specialized lock pick and a tension wrench to align all of the pins, thus unlocking the door. 

Regrettably, entirely pick-proof locks don't exist unless you opt for keyless varieties. Locks advertised as "pick-proof" are, in reality, more resilient against lock-picking and bumping attempts because of complex mechanisms consisting of pins and sidebars. These locks work like this—they assign two tasks to the key, enhancing security by making unauthorized entry more challenging.