No… There is no magic way to make a 32 bit system into a 64 bit.
However there is always a work around but first things first;
1. Laptop or desktop? (make and model)
2. How old is the other gear i.e. printers, graphics card etc
3. What’s your budget?
A dual boot will solve most problems and is generally the cheapest solution.
In the case of a laptop;
I’d put a 1T sshd ($80-100) into it and use Acronis to clone the old system over onto it… lets say that takes up 100 g for the c drive, efi and a system recovery (20g) drive. Now make another 100 g partition and install windows 8 64bit into it. Then make a 10 g swap for the two page* files and that gives you about 750g for a data or games drives.
A desktop...