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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.

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.

Changing door locks is a task that most homeowners can accomplish on their own. Standard door knobs are quite straightforward, and even more advanced locks, like electronic or smart locks, generally come with instructions. That said, the process can be time-consuming, especially if you plan to replace multiple locks around the house. It’s also a task that you want to complete correctly, considering that it affects the security of your house. That’s why hiring a pro is often best when changing your door locks.

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.