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 However, replacing the lock if it is severely damaged, outdated, or lacks security features may be a better long-term investment.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

It’s possible, but depends on the design of your lock. Some door locks that lack a keyhole do boast a small hole on the exterior handle or knob. This hole’s primary function is to allow water to drain out of the lock, in addition to giving homeowners an easy spot to insert lubrication. However, you can typically use a paperclip in this pinhole to unlock the door by manipulating the mechanism inside. 

Proper door lock maintenance includes keeping the locking mechanism clean and clear of dirt, dust, and grime buildup, lubricating the lock annually, inspecting and tightening the lock regularly, and treating the door with care. If your maintenance reveals problems, it may be time to replace the lock or have a professional inspect it.

You can cut a door knob off using a sawzall, but you risk causing additional damage to the door itself. You’ll also need to completely replace the door knob, costing you extra money and another trip to the hardware store.