Home › Investment Cost › Total Cost Calculator

Total Cost Calculator

Calculate the complete total cost of smart lock ownership including purchase price, installation, maintenance, and operational expenses over your desired timeframe.

Difficulty: Easy
Time: 3-4 minutes
Category: Investment Cost

Initial Investment

Professional installation or DIY tool costs
Hubs, bridges, accessories, etc.
Network setup, app configuration, training
Delivery, taxes, and other fees

Ongoing Costs

Cloud services, premium features, monitoring
Estimated annual battery replacement costs
Cleaning, lubrication, minor repairs
Paid updates, professional update services
Technical support, help desk, training
Extended warranty, insurance coverage

Replacement and Upgrades

Percentage of locks needing replacement annually
Cost of major upgrades or replacements
Percentage of original price recovered

Additional Expenses

Router upgrades, WiFi extenders, network improvements
Additional security measures, monitoring systems
Smart home integration, automation setup
User training, documentation, tutorials
Regulatory compliance, certifications
Reserve fund for unexpected repairs

Cost Savings

Reduced key cutting, replacement, management costs
Reduced security staff, monitoring costs
Insurance premium reductions
Improved efficiency, reduced labor costs
Smart automation energy savings

Analysis Parameters

Expected annual inflation rate
Cost of capital or required return rate