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Smart locks offer a similar level of safety to traditional or conventional locks because they often use comparable locking mechanisms, such as deadbolts. The primary difference is the access method: smart locks use a login or code instead of a physical key, which adds convenience. While not inherently safer, some smart locks have added security features that can deter intruders, like shutting down after too many incorrect code attempts or being harder to pick. For the best security, it's recommended to combine any lock with other home safety features like motion-activated lighting, security cameras, and window and door sensors.

Rekeying your own locks is a low-cost task that prevents you from having to replace the locks themselves completely. The first couple of times you rekey a lock may be challenging because this is an intermediate DIY task. You can purchase a rekey kit from most hardware stores, but make sure you’re buying the kit from the brand of lock in your home that you’re going to rekey. 

A deadbolt differs from a regular lock in its design, construction, and security level. Regular locks are typically used for interior doors, such as for bedrooms and bathrooms, and provide minimal security. They are easy to install and use, often featuring a simple locking mechanism on the inside. In contrast, a deadbolt is one of the most secure locks you can install on an exterior door. Its internal construction is designed to withstand significant force, adding a crucial layer of security that can deter intruders. While deadbolts may be more expensive and complicated to install, they are cost-effective for the security they provide and are built to hold up to wear and tear.

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.