How to repair
Recently moved into a new home that looks like it had some leaking at some point. Sellers said it hadn't leaked in many years, but they apparently didn't want to fix the appearance of it.
I haven't pulled back any of the damage, but I'm assuming this will need new drywall, not just a new coat of paint. The picture actually looks worse than it is, but hopefully it's clear enough.
Any thoughts are appreciated. Thanks.