Want to have the exterior locks on your home or business replaced? It’s likely going to cost you a pretty penny to do it.

In addition to labor charges, a new keyed entry lockset often costs anywhere from $50 to $200 on average, if not more.

So rather than replacing your locks altogether, how about rekeying them instead? It’s a much more convenient option. It’s also more cost-effective, as the answer to the question “How much does it cost to rekey a lock?” is almost always “A lot less than replacing it!”

In some cases, you can rekey an existing lock for as little as just $10 or $20. It’ll make it so that the old keys for your home or business won’t work anymore, which will make it more secure without costing you a fortune.

There are, however, a bunch of different things that could play a role in the cost that you’ll have to pay to rekey locks. Let’s examine some of the things that could have an impact on how much you’ll pay to have your locks rekeyed.

Which Locksmith Are You Going to Hire to Rekey a Lock?

If you have experience working on locks, you might be able to rekey a lock on your own without any help from a professional. But more often than not, home and business owners need a professional locksmith on their side when rekeying locks.

The good news is that there is no shortage of locksmiths out there in the world at the moment. There are more than 22,000 locksmiths operating in the U.S. today, and the locksmith industry has experienced a lot of growth in recent years.

But before you call on the first locksmith you can find to come to your home or business and rekey your locks, you should take the time to find the right one. If you take a chance on the first locksmith you come across, they might charge more than a locksmith right up the street from them for the same exact services.

Shop around for a locksmith to see which one might be right for you. You should attempt to track down an experienced locksmith that offers the most affordable rekeying services in your city or town.

Visit slimjim.me to see one example of what a great locksmith company should look like.

How Quickly Will You Need Them to Do It?

Do you need a locksmith to come to your home or business and rekey a lock, like, now? If so, you’re going to pay a little bit extra for rekeying services than you would under normal circumstances.

Locksmiths understand that there are some home and business owners that can’t wait to rekey their locks. It’s why they offer emergency services to home and business owners.

But those emergency services are going to cost a little more than regular services. If you can afford to wait a little bit for a locksmith to visit your home or business to rekey your locks, you could save yourself a nice chunk of change.

Where Will You Need Them to Come?

The location of your home or business could have an effect on how much you end up paying a locksmith for rekeying services.

If you live right around the corner from your preferred locksmith, they’re not going to charge you more than they usually would to rekey your locks. But if you live 30 minutes away out in the middle of nowhere, it’s going to cost them money to take a trip out to your home or business.

As a result, they’re going to charge you a little bit extra to rekey your locks. It’s why you should try to find a locksmith that operates within your general area. This will help to keep the costs associated with your locksmith’s rekeying services low.

Make sure that you let a locksmith know exactly where your home or business is ahead of time. They will be able to tell you if they’re going to have to charge you extra for traveling to your location.

They might also be able to recommend another locksmith that’s a little bit closer to you so that you’re not forced to pay more than you should have to in order to rekey a lock.

How Many Locks Will They Need to Rekey?

Many times, home and business owners will rekey more than just a single lock when they have a locksmith come out to provide them with services. They’ll ask for several locks to be rekeyed at the same time.

This will help them save a ton of money as compared to replacing all those locks. But it’ll also drive the cost of rekeying up since a locksmith will have to work their way through the rekeying process several times.

That being said, you might be able to work out a deal with a locksmith by asking them to rekey more than just one lock. They might charge you a lot less per lock than they would otherwise.

After you ask a locksmith, “How much does it cost to rekey a lock?”, you should also inquire as to how much it would cost to rekey several locks at one time. You might be surprised to hear the answer and decide to go ahead with rekeying several locks in a single visit from your locksmith.

Which Supplies Will They Need to Use While Rekeying?

When you contact a locksmith about their rekeying services, they’ll often ask you to provide them with some information about the lock that you have on your door. They’ll want to know which company manufactured it prior to coming out to your home or business to provide rekeying services.

The reason is that this will help them determine which supplies they’ll need to bring out to your home or business. The cost of those specific supplies will help determine how much it’ll cost you to have a lock rekeyed.

You’re not going to see a huge swing in how much rekeying will cost you based on the type of locks that you have alone. But there might be a small difference between how much it costs to rekey your locks versus how much it costs to rekey locks made by other manufacturers.

How Many New Keys Will You Need for Your Rekeyed Lock?

One of the big reasons why home and business owners rekey locks in the first place is to steer clear of having too many keys to their doors out there in the world.

Many homeowners hand out keys to their family members, friends, neighbors, and others. They lose track of who all has a key to their house, and they worry about someone who’s not supposed to have a key having one and using it.

Many business owners, meanwhile, hand out keys to their managers and even some of their lower-level employees. But over time, these people leave their posts and don’t always leave their keys behind when they do it. It causes some degree of concern for business owners who don’t want their keys to fall into the wrong hands.

With these things in mind, most home and business owners don’t want to make the same mistake again and create too many new keys for their rekeyed locks. But they also usually need to have at least a few extra keys made for their homes and businesses.

Depending on what kind of keys they need to have made, these extra keys could drive the cost of rekeying up. It all depends on how many new keys that they need their locksmith to make to go along with their rekeyed locks.

Is There Anything Else Your Locksmith Will Need to Do to Your Locks?

Is rekeying the only thing that you’re going to need a locksmith to do when they come out to your home or business? There are sometimes other services that a home or business owner will request in addition to rekeying.

For example, many homeowners and business owners will go through the rekeying process following a burglary. Instead of replacing the locks on their doors, they’ll make the locks that they already have secure again by rekeying them.

But it might take a little bit more work than that on the part of a locksmith to secure a door. If there was any damage done to the lock, the door, or the doorframe, they may also need to repair or replace these things.

This is when locksmithing services can start to get a little more expensive, and it’s why you need to have a reputable locksmith on your side. You need someone who is going to tell you the truth and show you what you need to do to restore the security of your home or business.

Would You Like to Have Additional Locksmith Services Performed?

If you’re going to go through the trouble of having a locksmith visit your home or business, you might as well ask them to take care of any lingering issues with your locks.

Maybe you have a lock that has seen better days that need to be replaced. Or maybe you have a lock that doesn’t seem to be lining up to your door frame properly.

Whatever the case, you’re more than welcome to bring up any problems you might be having with the locks on the interior or exterior of your home or business. Your locksmith can take a look at them and see what they can do to fix them.

This will increase the price that you have to pay to a locksmith. But it could save you money in the long run since you won’t have to call a locksmith to take a separate trip out to your home or business for the other issues you’re experiencing.

It never hurts to think about what else you can have a locksmith do while they’re in your home or business. They’ll be more than happy to do things other than just rekey a single lock for you if you want.

Will You Be Using Any Special Coupons?

Prior to calling on a locksmith for rekeying services, look around and see if you can find any special coupons that might save you money. These days, it’s so easy to locate coupons for almost anything that you want online.

Search for something like “how much does it cost to rekey a lock near me,” and you’ll find a long list of locksmiths in your area. You’ll also find coupons that locksmiths are offering on their services.

Take advantage of any coupons that you’re able to find online. Mention these coupons to a locksmith on the phone so that they apply them to your balance when you go to pay for rekeying services.

How Much Does It Cost to Rekey a Lock?

Your best bet is to reach out to as many locksmiths as you can in your area to inquire about rekeying a lock in your home. You can explain your specific situation to them so that they can get a better idea of what you need them to do.

How much does it cost to rekey a lock? It really depends on a variety of factors.

They can take everything that you tell them and use it to generate a quote for their services. You can then take all the quotes that you receive from locksmiths and compare them to see which option offers the best value.

You shouldn’t just pick the cheapest locksmith on your list, as it could backfire on you if you don’t receive superior rekeying services. But you should weigh your many options and select the one that seems to provide the best services at the best price.

Interested in finding out about some of the other services that a locksmith can offer to you? Browse through the articles on our blog to learn all about locksmithing.