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Standard residential deadbolt locks come with a steel bolt that locks your door into place using a key (or keypad) on one side and a thumb turn on the other. When you lock it, the bolt slides into a strike plate on your door jamb to secure your door shut.

While a strong conventional deadbolt offers enough security for most homeowners, if you’re looking for extra features beyond just simple locking, smart deadbolts are the way to go. Smart deadbolts allow for keyless entry using your phone or a code, remote access in case someone is locked out, and features like temporary access codes, automatic locking, tamper alerts and entry-exit monitoring. Smart deadbolts also come with downsides: they rely on batteries and wireless networks and are potentially vulnerable to hacking by skilled home intruders.

You should replace door locks when you move into a new home since you don’t know who has copies of the key. Other reasons to change your locks include an attempted break-in, when someone moves out of your home, or if you lose a key with an address attached to it.

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.