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Rekeying is typically cheaper than replacing locks. Professional rekeying costs between $40 and $160, sometimes with an additional fee of $15 to $40 per lock. A locksmith's hourly rate averages around $75. If you do it yourself, a rekeying kit can cost as little as $10. In contrast, replacing a lock costs between $130 and $500, with an average of around $315, depending on the hardware and lock type. Rekeying is a simpler process that changes the key for your existing lock without replacing the hardware. It is a good option if you have a quality lock that works well, you've recently moved, you've lost a key, or you need a quick security upgrade. The best choice depends on the condition of your current locks.

Security experts recommend deadbolt locks as the most secure option for a house's exterior or entry doors. Deadbolts provide the best security because they can prevent most types of forced entry and are harder to lockpick. Common types include the standard single-cylinder deadbolt, which is often found on front doors. For enhanced security, you can opt for a double-cylinder deadbolt, which requires a key to operate from both the inside and the outside.

The good news is that, yes, you can change locks yourself. Many people find it’s an easy DIY project that requires few tools and not much expense (depending on which lock you’re installing). If you have trouble with any part of an installation, you can always call a locksmith to help finish installing them.

As with any computer, smart locks can be hacked by someone with the technical skills to do so, but most people do not have that ability, making smart locks relatively safe. If you have any concerns about a compromised smart lock, opt for an encrypted smart lock, change your Wi-Fi password, and make sure that you only give out your password to trusted family and friends.