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It is best to use a dry lubricant, such as a Teflon-based option, for door locks. Unlike popular oil-based lubricants, dry lubricants leave a non-stick, water-repellent coating that does not attract dust, dirt, and other debris. Using an oil-based lubricant can cause these particles to build up inside the lock, making it difficult to operate or even damaging the internal mechanism. You can find dry lubricants, some of which are made specifically for locks, at most hardware stores.

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.

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 However, replacing the lock if it is severely damaged, outdated, or lacks security features may be a better long-term investment.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