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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.

If you don’t have your original key, the easiest way to obtain a copy is to call a locksmith. For house keys, your locksmith has several options for configuring a new key: 

• They can input a lock’s identification code into a database to obtain key-cutting instructions.

• They could analyze the lock cylinder to determine how to cut a new key.

• They can create an impression of the lock cylinder from which to cut a new key. 

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.

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.