i'd remove both and put nicely pack them away.
then I'd ditch the curtains altogether and order a nice blind. blinds.com is where I get mine.
cellulars, woven woods, roman blinds, or if you want modern, a solar shade. see what you like. I don't know what your style is or what your furniture looks like, so it's hard to suggest anything.
you oculd also remove the verticals and just have nice drapery. (get a new rod, a heavier one w/sturdier brackets on the end so you don't have the brace in the middle)
btw, it's easy to patch any holes w/"patch and paint" for drywall. (if it's plaster, get an ok from the owner)
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Bali has similar product to H>D> Luminettes at lower price.
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