Upgrading my current server

I am just wondering, how to go about to upgrade my current server to the next bigger option? Currently, my server is based on the specs below:
CPU:
4 vCore
RAM:
8192 MB
Storage:
100 GB SSD

I need to upgrade to the one with 320 GB with 6 CPU, 16GB Memory

My server currently running Windows Server 2012 and our web applications.

Do I need to reinstall everything again?

Thank you.
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