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Begin by checking the power source, typically a battery or wired connection. Ensure the battery is installed correctly, has sufficient charge, and isn't corroded. If it's a wired lock, examine the electrical connections to confirm they are secure and free from damage. Additionally, inspect the lock's programming or settings. Confirm that user codes or access credentials are programmed correctly and that any remote control devices are paired and functional.

Deadbolts are solid and durable as can be, but the pin and tumbler can still be forced open, thus making this type of lock susceptible to picking. Most types of deadbolts are harder to pick than a traditional spring-based lock, though. It requires a specialized lock pick and a tension wrench to align all of the pins, thus unlocking the door. 

One of the best tools for removing a stripped bolt is a handy pair of locking pliers. Locking pliers can usually grip onto screws with a broken, rounded, or stripped head and lock in place so that you can loosen even the most stubborn bolt that would otherwise remain hopelessly jammed.

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 However, replacing the lock if it is severely damaged, outdated, or lacks security features may be a better long-term investment.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