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Factors that Influence the Cost of Rekeying Locks

Are you torn between replacing or rekeying your exterior locks on your home or business? The main factors are the number of locks, the type of lock, how urgently you need the work done…

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About the prices in this guide: they are general ranges, not a quote from Diamondback Lock and Key. We give you a clear estimate for your job before any work starts.

Are you torn between replacing or rekeying your exterior locks on your home or business?

The main factors are the number of locks, the type of lock, how urgently you need the work done and how far the locksmith has to travel. Rekeying usually costs less than replacing, because the existing lock stays on the door and only the pins inside the cylinder are changed to fit a new key. A standard pin-tumbler knob or deadbolt is the simplest to rekey; high-security, smart and commercial locks can take more work. Diamondback gives you the price before any work starts.

A hand using a screwdriver on a lock cylinder in a door edgeOn average, a new keyed entry lockset usually goes for $50 to $200, excluding the labor costs.

Therefore, instead of replacing your locks entirely, you can consider rekeying them. Besides being a more convenient option, rekeying is relatively cost-effective, mainly if you’re operating on a limited budget. Rekeying works when the lock itself is in good condition; a worn or damaged lock needs replacing.

Lock rekeying improves your home or business security without the cost of new locks, because it makes the old keys obsolete, meaning they can’t be used anymore. It does not make the lock itself any stronger.

Despite this, several factors can impact the amount that you will incur to have your locks rekeyed. That said, let’s look at some things that may influence the amount you will need to pay to have your locks rekeyed.

* THE KIND OF LOCKSMITH YOU INTEND TO HIRE TO REKEY A LOCK

If you have the necessary skills to rekey a lock, you can do it yourself without the input of a professional locksmith. However, in most cases, home and business owners require a skilled locksmith by their side when rekeying locks.

Fortunately, there are many locksmiths to choose from in the locksmith industry.

Settling on the first locksmith you come across can prove costly as not all are professionally trained. It’s therefore essential to conduct a background check before hiring a locksmith to rekey your locks. Novice locksmiths often charge lower prices than their seasoned counterparts, but their work can cost you more if it has to be redone.

Always perform a thorough background check before settling on any locksmith. This will help you to find a locksmith that offers quality services at affordable rates.

* URGENCY

The cost of locksmith services can be significantly influenced by how fast you need your lock rekeyed. In such a case, you will be forced to incur more on rekeying services than you would under ordinary circumstances.

Locksmiths are conscious that various home and business owners can’t wait longer to rekey their locks. That’s why they provide emergency services for such clients.

However, those emergency services are going to cost more than standard services. If you are patient enough for a locksmith to come to your home to rekey your locks, you could end up spending much less on the same services.

* LOCATION

Your home or business location could broadly impact the amount you pay for rekeying services.

If you aren’t based too far away from your preferred locksmith, the locksmith is unlikely to charge the same price they would if you were situated too far away from their workplaces. If they have to travel, the travel expenses will be added to overall rekeying prices, increasing costs.

For that reason, it is prudent to look for a quality locksmith within your hometown or city as this will help you to get rekeying services at affordable prices. In addition, ensure the locksmith knows where your home or business is located in advance.

* NUMBER OF LOCKS TO BE REKEYED

Oftentimes, home and business owners will have multiple locks that need to be rekeyed whenever they hire locksmith services. During the visit, the locksmith will be requested to rekey several locks.

Having the locks rekeyed will save them a lot of money compared to getting rid of all those locks. However, it will increase rekeying costs since the locksmith will have to repeat the same process several times.

With multiple locks being rekeyed, ask the locksmith about the price per lock, which can be lower than for a single lock. Locks that share a compatible keyway can also be rekeyed to work with one key.

Conclusion

A hand inserting a key into a brass door knob lockAs you can see, the cost of rekeying a lock is dependent on several factors. The number of locks, the type of lock, how urgently you need the work done and the travel involved all affect the price. Diamondback gives you the price before any work starts, and a revised price before any extra work; call (602) 388-1201.

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