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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 However, replacing the lock if it is severely damaged, outdated, or lacks security features may be a better long-term investment.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 deadbolt lock is typically considered more secure than a regular lock based on its internal construction. Each deadbolt type has varying levels of security, ranging from withstanding a small amount of force to those that can take on multiple strikes and greater force. Regular locks provide little to no security and are typically used more for easy entry and simple installation.

The best type of deadbolt depends on your specific needs. If accessibility is your primary concern, a single-cylinder deadbolt is the easiest to operate. Mortise locks are likely the most secure type of deadbolt you can install, but single-cylinders combined with secondary locking mechanisms like vertical locks are also a great option. Smart locks will give you the most flexibility to open and close your locks whenever and wherever you need to. 

Door locks should be changed roughly every seven years. The average lifespan of a door lock is seven to 10 years, so it’s best to err on the side of caution and change them early, especially if they are showing signs of wear and tear. Examples of deterioration include visible rust and difficulty opening or closing the door. Some locks can work safely beyond 10 years, but it depends on how often they are used and whether they are exposed to damaging environmental conditions like precipitation or extreme temperatures.