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Rekeying a lock is less expensive than replacing the whole unit. The cost to rekey is about $50 to $100 when you hire a pro or as little as $10 if you DIY. The cost to change a lock is $130 to $500, depending on the hardware you select.

The cost to rekey locks on your home is $40 to $100 plus $15 to $40 per lock. Rekeying means you can keep your existing locks but simply change the key. You’ll still need a pro to cut a new key and rekey the lock, but no new hardware is required. Rekeying is a good option if:

• You need a quick way to upgrade your current locks

• You have a quality lock that works well

• You recently moved in and want to ensure you’re the only one with access

• You lost a key

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.

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 However, replacing the lock if it is severely damaged, outdated, or lacks security features may be a better long-term investment.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.