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Rekeying a lock is less expensive than replacing the whole unit. The cost to rekey is about $50 to $100 when you hire a pro or as little as $10 if you DIY. The cost to change a lock is $130 to $500, depending on the hardware you select.

It’s possible, but depends on the design of your lock. Some door locks that lack a keyhole do boast a small hole on the exterior handle or knob. This hole’s primary function is to allow water to drain out of the lock, in addition to giving homeowners an easy spot to insert lubrication. However, you can typically use a paperclip in this pinhole to unlock the door by manipulating the mechanism inside. 

Replacing your locks isn’t always a necessary option. You can usually save money by rekeying locks instead of replacing the hardware. You should consider rekeying the locks instead of replacing them in the following scenarios:

• You want to upgrade your existing locks.

• You have a lock you don’t want to replace.

• You recently bought a home and want to change the locks.

• You lost your key.

A door lock service is performed by a professional locksmith, and the cost of hiring a locksmith for these kinds of repair tasks usually runs in the $100 to $250 range. It all depends on the type of locks you have, how many locks are included in the service, and where your home is located. Always choose reliable, trustworthy locksmiths, and get a few quotes before making your choice.