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Rekeying your own locks is a low-cost task that prevents you from having to replace the locks themselves completely. The first couple of times you rekey a lock may be challenging because this is an intermediate DIY task. You can purchase a rekey kit from most hardware stores, but make sure you’re buying the kit from the brand of lock in your home that you’re going to rekey. 

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 types of deadbolts, but these tips work on most. First, address any grime buildup. A bit of WD-40 will loose up rust and dirt so the deadbolt can turn. Inspect the door and frame alignment if this doesn't resolve the issue. Adjust the strike plate or the deadbolt's position to improve alignment. If the problem persists, disassemble the lock to inspect for damaged or worn parts. If you are unsure how to do it, hire a local locksmith.

Rekeying should be done when employees leave or keys are lost, while replacement may be necessary for outdated or damaged locks.