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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.

Lock picking is a relatively subtle method of unauthorized access, making it hard to detect. But there are telltale signs to look for. First, look for scratches or tool marks around the keyhole or the lock's surface. Also, check for loose or misaligned components, like a wonky strike plate, which could indicate tampering. Consulting a locksmith or security professional for an assessment can provide valuable insights, too. Investing in high-quality locks and considering additional security measures, like security cameras, can help deter potential intruders and enhance your overall safety.

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.

Many local hardware stores have the equipment to copy basic keys at a low cost. Some locations may have freestanding machines where you can pick out a blank and insert it and your original key into the duplicating machine.