Photos of the room would be helpful.

I agree the plumbing looks sketchy i wouldn't invest a lot of money of decorative treatments if the pipes burst down the road. I would also look into your water quality it looks like you have a lot of rust stains that indicates high iron in your water which can really be hard on your plumbing and appliances. CLR is a product to improve the appearance but i would also look into Water softer as well. Stay away from natural products if your water is high iron they will stain fastest. Congratulations on the baby.

work in three basic steps. 1. Paint the walls in a neutral shade like grey or beige.2. Go for wooden furniture in polish like walnut or pine colour (light brown). 3. Then choose any accent colour like red, navy blue, wine chocolate etc of your choice. Buy curtains, rugs and bedsheets of this one shade in solids. Then go for a couple of accent pieces like two frames or two lamps in white, gold or silver (again of your choice ). Done! this can be completely transformed very easily only by chanign the accent colour once you are bored..! all the best..

Need suggestions for good looking interior