Use a wireless router as a repeater?

I am moving into a new house I built next week. I currently have a Netgear wireless router that I use with my cable service. In the new house I am getting FIOS from Verizon and they provide a wireless router with the service. So I thougt I might press my current router in to service as a repeater in a closet upstairs. I wired the house with cat5e and put a drop in the closet. Can I do this or do I need to buy another piece of hardware?

Thanks, Jim

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