Which is more cost-effective: rekeying or replacing locks?

Understanding the Difference: Rekeying vs. Replacing Locks

When it comes to securing your home or business, the question often arises: Is it more affordable to rekeying or replacing locks? Both options have unique benefits and costs, so choosing the best solution depends on various factors like your budget, security goals, and specific lock needs. In this post, we’ll break down the costs, benefits, and situations where one option may be more advantageous than the other to help you make an informed decision.

Rekeying is a process that involves changing the internal mechanisms (pins and springs) of your existing lock so that a new key can operate it. Essentially, the lock remains the same, but the old keys will no longer work.

Replacing locks involves entirely removing the old lock and installing a new one. This option allows you to choose a different style, brand, or level of security, making it a good choice if you’re looking for a security upgrade or a new look.

Cost Comparison: Which Option Is Cheaper?

  • Rekeying Costs
    • Rekeying is generally the more affordable option, as it doesn’t involve purchasing a new lock. Instead, a locksmith adjusts the existing lock’s internal components, which requires fewer parts and labor.
    • On average, rekeying a standard lock ranges from $15 to $30 per lock, plus labor charges if you hire a professional locksmith.
  • Replacing Lock Costs
    • Replacing a lock can be more costly, especially if you choose a high-security or smart lock, which can range from $50 to $300 or more, depending on the brand and features.
    • Labor fees are also higher for replacements, as the process takes more time and effort.

When to Choose Rekeying

Rekeying is often a suitable choice in the following situations:

  • Lost or Stolen Keys: If a key is lost or stolen, rekeying ensures that only a new set of keys will work, enhancing security without the higher cost.
  • New Home or Rental Property: When moving into a new home, rekeying the locks is a fast, low-cost way to ensure previous owners or tenants don’t have access.
  • Multiple Locks, One Key: If you want a “master key” that opens multiple locks, rekeying can often make this possible with minimal expense.

When to Choose Replacing Locks

Consider replacing locks in the following scenarios:

  • Old or Worn-Out Locks: If your locks are outdated, malfunctioning, or visibly damaged, replacing them may be necessary to improve security and functionality.
  • Desire for an Upgrade: Replacing locks is a good option if you want to upgrade to a high-security or smart lock for added protection or convenience.
  • Style and Aesthetics: If you’re remodeling or want a cohesive look throughout your property, replacing the locks offers more style options than rekeying.

Final Verdict: Which Option Is Right for You?

Choose Rekeying if you’re looking for a cost-effective, fast solution to secure your property after losing keys or when moving into a new home.

Choose Replacing Locks if you need a security upgrade, want to switch to a modern lock style, or your existing locks are too old or damaged.

Conclusion

Deciding between rekeying and replacing locks often comes down to budget, security needs, and convenience. Rekeying can be an economical way to secure your property in most situations, while replacing locks may be worth the investment if you’re looking for enhanced security or a fresh new look. Whichever route you choose, make sure to consult a professional locksmith for expert advice on keeping your property secure.

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