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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.

Smart deadbolts are a worthwhile investment for homeowners seeking more convenience, flexibility, and advanced features than a traditional deadbolt can provide. While a strong conventional deadbolt offers sufficient security for most, smart deadbolts provide significant upgrades.

Key benefits include keyless entry via smartphone, keypads, or biometric sensors, and the ability to lock or unlock your door remotely. You can also manage access for guests by creating temporary codes, eliminating the need for physical keys and the risk of them being lost or duplicated. Many models integrate with smart home systems and offer features like automatic locking, entry-exit monitoring, and tamper alerts with encryption for enhanced security.

However, there are downsides to consider. Smart deadbolts are more expensive than their traditional counterparts and rely on batteries and wireless networks to function. This dependency introduces potential vulnerabilities, such as hacking by skilled intruders and privacy concerns. Installation can also be more complex. Despite these drawbacks, the added layer of convenience and protection makes them a compelling option for many.

The best type of deadbolt depends on your specific needs. If accessibility is your primary concern, a single-cylinder deadbolt is the easiest to operate. Mortise locks are likely the most secure type of deadbolt you can install, but single-cylinders combined with secondary locking mechanisms like vertical locks are also a great option. Smart locks will give you the most flexibility to open and close your locks whenever and wherever you need to. 

Any type of dead bolt lock provides the highest level of safety for a single device. However, it’s also important to determine a lock's grade. Locks can come in either Grade 1, Grade 2, or Grade 3, which indicates how durable it is and if it’s constructed solidly. Safety experts recommend choosing locks based on Grade 1, which offers the highest level of durability.