Do Server 2025, in-place as long as your existing server is issue/error free. (You may have to multi-upgrade from 2012 to 2019 then to 2025, but I would try straight to 2025 first)
https://www.ajtek.ca/wsus/another-successful-in-place-upgrade-why-not-change-how-you-think/
Note: to get the updates to AD in 2025, your AD Functional level (domain/forest) must be 2016 and then you must demote and re-promote the server after the in-place upgrade.
If you don't care about getting the new AD features, then an in-place upgrade is fine on it's own.
Before you even attempt an upgrade - ENSURE YOU HAVE A RESTORABLE BACKUP.