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Can I do this with refundable fare - does it make sense?

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DD's schedule is always changing due to job and class schedules beyond her control - and looking to book Easter flights. Am often left with last-minute price and availability problems for her flights, paying change fee.

So could I book a refundable ticket now and then when she is sure of her travel plans either keep it or get a refund and book a lower non-refundable ticket - depending on which is better for price and availability?

Any downside to doing this? Never done anything other than book lowest price ticket on any flight, so new at this refundable process.

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