That would be pointless because the refret would cost just as much as the guitar (entry level).
If you need to raise the action to eliminate buzz, but like low action, there are two solutions:
1. adjust the truss rod so that there is a slight relief (upwards bow). Loosen the strings and turn the truss rod about a quarter turn counterclockwise (never go past 180).
2. You may need a custom nut slotted to your preferred action level.
In any case, get a quality setup. Not from Guitar Center or other corporate equivalent, but from a respected luthier in your area. Ask for a basic setup and fret leveling. It should run you about $150 for both, but it is definitely worth it.
An even better idea is to buy a basic setup kit from Stewmac.com, along with the book How to Make Your Electric Guitar Play Great by Dan Erlewine. It will save you hundreds of dollars and months of waiting time, I guarantee it.