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Expect to pay between $50 to $200 if you hire a locksmith to change your locks. That figure includes labor and the cost of basic hardware. The cost will naturally be higher if you plan to install more expensive locks, like smart locks, and if you need a lot of them.

Homeowners can save money by replacing locks themselves. A typical rekeying kit costs about $10 to $25. The only additional cost is purchasing new house keys, and those are no more than a few dollars per key. If you want to replace the locks on your own completely, the main cost is the price of the locks themselves. A standard knob-style lock starts around $25, while electronic locks and smart locks will run in the hundreds of dollars. The only additional tools you should need are a tape measure, screwdriver, and screws if they are not already provided.

There are many times when you should change your locks. When moving into a new house, ensure you know the whereabouts of all working keys. You should also change locks after a home break-in, losing your keys, or if you suspect your keys have been stolen. Always change your locks when they break or become unreliable.

Newer, electric-powered door locks generally have a life span of five years or less. That’s thanks, in large part, to a phenomenon called planned obsolescence, in which products are programmed to need replacing after a certain amount of time. That’s also why older, manual, push-key locksets can last up to 30 years with regular cleanings and maintenance. When it does come time for a new set-up, know that the cost to change locks ranges from $130 to $500 on average.

Any type of dead bolt lock provides the highest level of safety for a single device. However, it’s also important to determine a lock's grade. Locks can come in either Grade 1, Grade 2, or Grade 3, which indicates how durable it is and if it’s constructed solidly. Safety experts recommend choosing locks based on Grade 1, which offers the highest level of durability.