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Rekeying a lock changes the internal mechanism so that a new key works, while replacing a lock involves swapping out the entire hardware. Rekeying is a good, cost-effective option when you want to ensure old keys no longer work, such as after moving into a new home or losing a key. It's also ideal if you want to keep your existing lock hardware. You should opt to replace the locks entirely if you want to upgrade to a more secure or different style of lock, if the current lock is old or damaged, after a break-in, or if too many copies of the old key exist.

Rekeying door locks yourself costs a fraction of what you would expect to pay a locksmith. On average, it costs between $50 to $100 to hire a local locksmith to rekey your house, though labor costs may vary based on where you live. For a DIY solution, you can expect to spend $11 to $25 on a rekeying kit.

Security experts recommend deadbolt locks as the most secure option for a house's exterior or entry doors. Deadbolts provide the best security because they can prevent most types of forced entry and are harder to lockpick. Common types include the standard single-cylinder deadbolt, which is often found on front doors. For enhanced security, you can opt for a double-cylinder deadbolt, which requires a key to operate from both the inside and the outside.

Several types of deadbolts are available, including single-cylinder, double-cylinder, rim, smart, and electronic deadbolt locks. The most common type found in U.S. homes is the single-cylinder deadbolt, which uses a key on the exterior and a thumb turn on the interior. A double-cylinder deadbolt features two locking mechanisms and requires a key to be operated from both the inside and the outside.