Can I use my router as a wireless extender to boost the WiFi signal?

Satyan B October 24, 2013
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I am getting a TP-LINK TL-WR740N 150Mbps Wireless N Router for INR 875/- i.e $14.21
I have read various reviews on how one can turn a WiFi router into a signal booster using DD-WRT FW. And As I checked the site, this router is supported.
However my question is can I use this router as a range extender? Is it worth it?
Wireless extenders here start at a min price of INR 1550 i.e $ 25.17

I am specifically asking for this particular model as I need to know as compared with wireless extenders, which are costly, is this router worth getting to use as an extender?
Is the trouble of going through the long process to convert a Router into a Extender worth it?
And no I do not want to spend a lot on the extender which is why I shortlisted this router.(This router has a rating of 4.4 as per 1177 Ratings and 662 reviews on the site offering it for this price.)

Please do let me know so I can make this decision ASAP.
Thank you.

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