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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.

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Rekeying should be done when employees leave or keys are lost, while replacement may be necessary for outdated or damaged locks.

In general, keyless door locks are considered safe, and their security depends on the type and quality of the lock. They cannot be picked like a traditional lock and often include added features like biometric access, PIN codes, and smartphone connectivity, which can make them more secure. However, they are not without risks. Potential vulnerabilities include hacking for Wi-Fi-connected models, battery failure, power outages, and technical malfunctions. To maximize security, it is important to choose a reliable brand, stay on top of software updates, and perform regular maintenance. While the risks are different, keyless locks are not considered more dangerous than traditional locks.