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Is it Cheaper to Rekey or Replace Locks?

Is It Cheaper To Rekey Or Replace Locks

Have you ever found yourself wondering whether it’s more cost-effective to rekey or replace your locks? The answer isn’t as straightforward as you might think. Many factors come into play, such as the type and condition of your current locks, the level of security you require, and of course, your budget.

Understanding the pros and cons of both options can significantly impact the security and longevity of your locking system. Below, we will break down the cost-effectiveness of rekeying and replacing locks, providing you with all the information you need to make an informed decision.

Understanding Rekeying

Rekeying is the process of altering a lock so that it can be operated by a different key. This usually involves replacing the key pins within the lock.

How Does Rekeying Work?

When you rekey a lock, a locksmith will change the internal workings—specifically the pins and springs—to fit a new key. This way, any old copies of the key will no longer function with the lock.

Benefits of Rekeying

Cost-Effective

Rekeying is generally less expensive than replacing a lock. Since it involves less labor and fewer materials, locksmiths like Silver Eagle Locksmith can complete the job efficiently and at a lower cost.

Convenience

You can keep your existing hardware, making rekeying a convenient solution, particularly if your locks are already installed and in good condition.

Security

Rekeying can be done quickly, which is beneficial in situations where you need to revoke access immediately, such as after losing a key or moving into a new home.

Drawbacks of Rekeying

Limited Upgrades

Rekeying doesn’t allow for hardware upgrades. If your lock is outdated or compromised, rekeying won’t improve its durability or security level.

Not Always Possible

Not all locks are compatible with rekeying. For instance, some high-security locks or certain types of electronic locks cannot be rekeyed.

Understanding Lock Replacement

Replacing a lock involves removing the existing lock and installing a new one. This process can vary in complexity depending on the type of lock you choose.

How Does Lock Replacement Work?

Lock replacement generally involves removing the old hardware and installing a new locking mechanism in its place. This could range from simple deadbolts to more complex smart locks.

Benefits of Lock Replacement

Enhanced Security

Replacing a lock allows you to upgrade to more advanced and secure locking mechanisms, such as smart locks or those with higher resistance to picking and drilling.

Customization

When replacing a lock, you have the flexibility to choose a style and finish that suits your preferences, which can enhance both security and aesthetic appeal.

Flexibility

Lock replacement provides the opportunity to rectify any issues with existing hardware, ensuring that your new lock functions perfectly.

Drawbacks of Lock Replacement

Higher Cost

Replacing a lock is generally more expensive than rekeying. The cost includes not just the price of the new lock but also the labor for installation.

Time-Consuming

Lock replacement can be more time-consuming, especially if modifications to your door or frame are required to fit the new lock.

Is it Cheaper to Rekey or Replace Locks?

Financial Comparison: Rekeying vs. Replacing

To facilitate your decision-making process, let’s compare the costs associated with rekeying and replacing locks.

Rekeying Costs

Service Estimated Cost (Per Lock)
Rekeying (Standard) $20 – $50
Rekeying (High-Security) $30 – $70

Lock Replacement Costs

Service Estimated Cost (Per Lock)
Lock Replacement (Standard) $50 – $150
Lock Replacement (High-Security or Smart Locks) $150 – $300+

Additional Costs to Consider

Service Estimated Cost
Call-Out/Service Charge $50 – $100
Additional Door or Frame Modifications $20 – $50+

Cost Factors

  • Quantity of Locks: The more locks you need to rekey or replace, the higher the overall cost.
  • Lock Complexity: High-security and smart locks will generally be more expensive, both for rekeying and replacement.
  • Location and Urgency: Locksmiths may charge higher rates for emergency services or depending on your geographic location.

Making the Right Choice

Deciding between rekeying and replacing your locks depends on several key factors.

Security Needs

If your primary concern is enhancing security—perhaps due to recent security threats or outdated hardware—lock replacement is often the better choice. High-security locks offer advanced features that older locks simply can’t provide.

Budget Constraints

If cost is a critical factor, rekeying your existing locks is usually the more budget-friendly option. It provides a quick and cost-effective means to enhance security by rendering old keys useless.

Condition of Current Locks

Consider the condition of your current locks. If they’re in good shape and performance, rekeying them can be a practical solution. However, if the locks are old, damaged, or compromised, replacing them can offer both improved functionality and security.

Is it Cheaper to Rekey or Replace Locks?

Practical Scenarios

Let’s examine some practical scenarios where you might choose either rekeying or replacing locks.

Moving Into a New Home

When moving into a new home, you’re often unsure of how many copies of the existing keys are in circulation. Rekeying all locks can ensure that only you have access.

Lost or Stolen Keys

If you lose your keys or they’re stolen, rekeying ensures that the finder can’t gain access. However, if the lost keys included access to other security features, like smart locks, consider a full replacement.

Upgrading Security

If you’re upgrading your home or office security, replacing locks with high-security or smart locks can offer superior protection features that rekeying alone can’t provide.

Aging Locks

For older or damaged locks, replacement offers a renewed lifespan and often incorporates modern security features absent in older designs.

Specific Services by Silver Eagle Locksmith

Silver Eagle Locksmith specializes in both rekeying and lock replacement services in the Las Vegas, NV, and Baltimore, MD areas. Their expertise ensures that you receive high-quality service tailored to your specific needs.

Rekeying Services

Silver Eagle Locksmith can quickly and efficiently rekey your locks, providing peace of mind that old keys no longer work. They offer competitive pricing and can rekey a variety of lock types.

Lock Replacement Services

Offering a wide range of lock replacement options, Silver Eagle Locksmith can install everything from standard deadbolts to advanced smart locks. Their expert technicians ensure that your new locks are installed correctly and securely.

Is it Cheaper to Rekey or Replace Locks?

Final Thoughts

Both rekeying and replacing locks have their unique advantages and drawbacks. Rekeying is usually more cost-effective and convenient, especially if your current locks are in good shape. Replacement provides an opportunity to upgrade your security and perhaps even the aesthetic appeal of your locking hardware.

By understanding the specifics of each option and evaluating your unique situation—considering factors such as security needs, budget, and the condition of your current locks—you can make a well-informed decision that best suits your needs.

If you’re in the Las Vegas or Baltimore areas and need professional guidance, Silver Eagle Locksmith stands ready to assist with both rekeying and lock replacement services, ensuring your home or business remains secure.

So, is it cheaper to rekey or replace locks? It often depends on your specific situation, but with the insights provided here, you’re well-equipped to make the best choice for your security and budget needs.