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It is best to use a dry lubricant, such as a Teflon-based option, for door locks. Unlike popular oil-based lubricants, dry lubricants leave a non-stick, water-repellent coating that does not attract dust, dirt, and other debris. Using an oil-based lubricant can cause these particles to build up inside the lock, making it difficult to operate or even damaging the internal mechanism. You can find dry lubricants, some of which are made specifically for locks, at most hardware stores.

The cost-effectiveness of fixing or replacing a door lock depends on the severity of the issue. Repairing a minor problem, such as loose screws or a need for lubrication, is usually cheaper than replacing the entire lock. However, replacing the lock if it is severely damaged, outdated, or lacks security features may be a better long-term investment. New locks often have improved security features, enhancing your property's safety.

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. 

Yes, you should always change your locks after buying a house. Do so as soon as possible after you move in. Otherwise, you won’t know who has working keys to the property, whether they’re spare keys or otherwise. If an intruder gains access to your house with a key, it may not be covered under your homeowners insurance.