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So you've lost a key—now what? You have two main choices: rekeying or replacing the lock. Rekeying is cheaper and faster, as you only change the pins inside the lock to match a new key, while the lock itself stays put. Replacing the lock entirely gives you a fresh start, ideal if the lock is old or damaged. Think about your budget, time, and security needs. For most homes, rekeying a single lock runs $50 to $100, while a full replacement might cost $100 to $200. Either way, act fast to keep you… What to Do When a Key Is Stolen: Rekeying vs. Replacing Your Lock