How to Fix Peeling Paint and Prevent Walls from Chipping Again 26.05.2022 · Before you get started, it's important to determine whether the peeling paint contains lead. If your home was built prior to 1978, it could have lead-based paint, which can pose serious health risks, especially for children.You can find testing kits at hardware stores, but to be sure, hire a certified company to collect chips and send them to a lab for testing.